Gold declined for a second day in Asia as demand for the metal as a haven asset waned amid a rebound in equities. Bullion also weakened as China’s consumer prices fell for the first time since 2002 and producer prices dropped the most in a decade, raising the risk that deflation will become entrenched. Still, gold may climb as inflationary pressures build following trillions of dollars worth of stimulus packages announced by governments around the world. The Gold is currently trading at $913 as of 9:20am, GMT. The Current Pool-position on the Gold is 72% on the buy side, meaning that 3/4 of traders with finotec are long, yesterday 8,647 contracts were traded.
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