Money Managers Are Buying Gold—Even As Charts Flash Imminent Danger
Gold’s round trip from a record $5,600 in January to a dip under $4,000 in July has opened opportunities for global asset managers. A deep retreat— driven by elevated energy prices and inflationary shocks from the
Some big money managers are buying gold because its price dropped a lot from its highest point. When experts see a big price drop, they sometimes think it might be a good time to buy, but charts are also showing warning signs to watch.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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