US commodity futures trading commission announced gold has witnessed investment entry and more chances of long purchase equivalent to USD 2,354 billion which will be the driving force for the prices in the current week.
Except from the increase in US Federal Reserve Bank balance sheet announced by Mr. Paul, the disappointment in US and China reaching an agreement in their trade war negotiations have led to more Gold demand.
Hedge Funds rebuilt significantly (USD 2,354 billion) their net long gold positions as in times of ECB QE infinity and Fed balance sheet extension the precious metal is in demand.
