| A less bearish tone in the gold market has prompted ANZ Research to lift its near-term forecasts for gold. Indications that investors have become a lot less bearish on the metal include a recovery in gold exchange-traded fund (ETF) holdings, the bank said in a report on Wednesday.
After falling 90 tonnes in almost a straight line in July, ETF holdings reached a low of 1,509 tonnes in early August before investors added 20 tonnes to holdings, it noted. Also, the skew in 25 delta gold options has risen to the highest since January, which was the height of the Grexit crisis, it added...............................................Full Article: Source
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