ZeroHedge reports a shift in the gold market as China implements stricter trading regulations, indicating a departure of speculative trading interest. While the consistent physical demand from central banks and Chinese retail buyers offers a stable base for gold prices due to their less price-sensitive nature, speculative traders—who are indifferent to the commodity and focus solely on profit—are exiting. This speculative group, likened to overexcited children, is known for rapid and volatile trading behaviors driven by trends rather than fundamentals.
Posted: 2024-04-23 11:15:50.000000