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Gold set for $3.3bn of index fund buying in January as rebalancing flips in its favour

FxGain News Newsdesk · · reported by 1 source

Gold set for $3.3bn of index fund buying in January as rebalancing flips in its favour

What we know so far

investingLive (Nov 13, 07:22): The rebalancing gives gold a known (ps. be careful of known knowns in markets ...) source of demand in the second week of January. That could make traders reluctant to press short positions into year-end and encourage some to buy ahead of the window. Because the buying is concentrated in April futures, the spread between February and April contracts could…

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