Selling exhaustion in precious metals could be imminent, barring a debt-ceiling catastrophe – TDS
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Gold and Silver prices are staging an impressive pullback. But strategists at TD Securities see timing selling exhaustion in precious metals.
“Without an additional macro catalyst, our positioning analytics highlight that selling exhaustion in precious metals could be imminent, barring a debt-ceiling catastrophe.”
“Gold prices are near all-time highs, but the positioning set-up remains inconsistent with a cycle peak.”
See – Gold Price Forecast: Dispute over US debt ceiling likely to shore up XAU/USD – Commerzbank
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