TREE NEWS reports: Industrial Securities said in a research note that gold is likely to stay range-bound in the near term as a strong dollar and high interest rates weigh on prices. It cited two straight days of net outflows from Shanghai gold funds and sustained redemptions from SPDR Gold ETF as signs of cautious investment demand. With December Fed rate-hike expectations largely priced in, the brokerage said gold’s further downside may be limited until new signals of tightening emerge.
Gold’s downside limited before fresh rate-hike signals, Industrial Securities says
AI take
The note's real signal is the divergence between price action and positioning: gold is being held back less by fresh bearish catalysts than by already-absorbed Fed expectations, while ETF outflows show demand is retreating rather than capitulating. That matters most for gold-backed products and funds tracking physical demand, where flows rather than spot moves are the cleaner read on sentiment. Whether outflows from Shanghai gold funds and SPDR persist once the December Fed decision passes is the open question.
Generated by AI for reference only.
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