CITIC Securities: Tech sector turbulence, gold hit by liquidity impact
The decline in CFTC gold fund long positions and SPDR holdings suggests that gold may be experiencing a liquidity shock to supplement margin requirements for tech stocks. Despite capital inflows into US Treasuries for risk aversion causing Treasury yields to fall, this has not managed to stimulate bullish sentiment for gold.
智通财经•2026-11-03 00:07