Chris Yates of Acheron Insights announced that positioning, technical analysis, sentiment, and fundamentals indicate a further delay in the strong rise in gold.

Yates said that with respect to the medium and short-term fundamentals that influence the price of gold, mainly real returns and the dollar, the outlook is still somewhat mixed for gold, after what has been a year and. eacute; and great for the sector.” For Yates, the performance of the US dollar is a factor that makes it cautious about the short-term rise in gold. Therefore, he said that the fact that gold has held up well despite “the biggest rise in real returns in decades” reaffirms his long-term bullish argument

Yates said that “the positioning of money managed on gold futures is currently in the middle of its recent historical range, suggesting that speculative positioning is neither too bullish nor too bearish and, in doing so, does not give any clear countercurrent signals.”