'It's a war on two fronts' for commodities as short positions grow in copper, silver, gold - Pepperstone | kitconews gold silver finance preciousmetals markets mining investing |
Recession calls are triggering a major slide in the commodities sector, with short positions quickly growing in copper, oil, gold, and silver, according to Pepperstone's head of research Chris Weston.
"Europe may command the closest attention, but this is a global problem.
"The USD reigns supreme, not just from a relative growth perspective but from an attractiveness as an investment destination. Right now, aside from the USD, only the JPY looks like a compelling long in G10 FX," Weston said.
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