, 5 tweets, 3 min read Read on Twitter
Gold trading just below $1500/oz in early European trading, about $35/oz off Tuesday’s intraday highs.

The sell-off in #gold had two triggers: the release of slightly firmer US CPI and signs of a slight thaw in the Sino-US trade war.
The sell-off triggered some outflows in #gold ETFs, which posted their first decline in 12 sessions and the largest one-day outflow in 3 months, accordiing to Bloomberg's robots.
Inflows into #gold-backed ETFs still healthily positive for the month to date, as the screenshot from our proprietary database shows.
Yesterday’s move in #gold seems a little outsized vs. the change in US rates or the USD, likely due to the size of the speculative longs in the market now.

Still, gold is healthily higher over a one month, three month and ytd: some volatility is to be expected.

Best of luck!
Good morning @threadreaderapp. Please unroll. Thank you.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to John Reade
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!