By Jeremy Boulton — Sep 09 - 04:40 AM
Traders pared small amount of big bullish gold positions week ending Sep 3
Traders have a tendency to reduce exposure ahead major events
Federal Reserve may opt to cut interest rate for first time on Sep 18
Few bigger events and few larger bets on gold than current long position
A correction may prove to be healthy for the uptrend
Oil might bottom influencing currencies nL1N3KR08B
Source:
Refinitiv IFR Research/Market Commentary