Thread by @JReade_WGC

$Gold trading just above $1318/oz around noon in a very sunny spring London today.

1/5

Gold: Despite the recovery in price from the early-in-the-month weakness, #gold has not seen any large (identifiable) investment flows in March.

The COTR for gold showed only a small increase in net long managed money positions to 5.8moz as of last Tuesday.

2/5

#Gold: Although this may have changed after three decent days of Comex volume Wednesday-Friday last week.

3/5

Gold: Finally, although we have noted modest #gold ETF inflows over the past week or so, month-to-date flows are still very slightly negative.

(This is from our internal database that generates the monthly #ETF report)

4/5

Gold: So, in conclusion, the price has recovered a lot of the recent lost ground, but participation from (identifiable) #gold investors with this move has been limited so far.

5/5

Hi @threadreaderapp and good day. Please unroll.