A dip in gold prices is partially due to CTA selling: BofA By Investing.com
Update: 2025-11-03
Description
Gold prices plummeted due to trend-following funds selling off investments, causing a market downturn. Despite bullish signals, these funds hit stop-out levels, leading to systematic selling. Investors shifted towards aluminum, making it the most crowded trade, while soybean and soybean meal futures are poised for increased buying. Trend-following funds remain heavily invested in global stocks, which could lead to a wave of selling if markets drop. In the bond market, positions in US Treasuries faced pressure due to rising yields and a stronger dollar, though a late drop in ten-year yields helped them hold ground. Trend followers are expected to continue buying dollars versus other major currencies.
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