PRESS ROOM
Gold remains under short-term pressure due to liquidity needs
Monday 23rd March '20
Gold remained under pressure last week as liquidity in markets was otherwise constrained. Speculative positioning on gold futures exchanges, an important driver of gold price, declined last week highlighting the selling pressure on the precious metal from investors seeking liquidity. Gold ended last week just under US$1500/oz. The safe-haven metal experienced similar pressures in the autumn of 2008 before rallying strongly over the subsequent 3 years.