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2025-07-28 17:03:09
【Gold bulls were "slaughtered", can dollar bears be spared?】 ⑴ In the week ending July 25, traders significantly increased their bullish bets on gold, with long positions increasing from 213,000 contracts to 253,000. ⑵ However, the price of gold did not rise as expected, but instead fell from $3,438 per ounce on July 23 to $3,322 on July 28. ⑶ The sharp drop in the price of gold may indicate a weak dollar. ⑷ This shift in market sentiment may prompt traders to start selling the euro against the dollar. ⑸ Although the dollar may be under pressure in the short term, investors may eventually return to the dollar. ⑹ The trend of gold diverges from the long and short sentiment of the US dollar, which may increase the complexity of the market. ⑺ Traders need to be wary of this uncertainty and pay close attention to subsequent market movements.
