Gold - "downside should be fairly contained" - $1300 the level to watch
One for the gold people out there, a quick view via TD on the nmetal.
TD say pricing for the Federal Reserve is getting "extremely dovish",
- mix in CTA buying
- and the better appetite for risk following Mexico spared further tariff impost
Says any downside should be fairly contained. TD watching 1300 USD:
- the recently accumulated CTA length in gold remains safe above $1300/oz