For ages, gold has been considered as a store of value. Hence every government maintains gold as official reserve. As of September 2018, the United States has a market share of 25.5% of world official reserves, followed by Germany with market share of 10.6%, IMF at 8.8%. As for as Indian official reserves are concerned, it is one among the lowest at 1.8%.
Managed net positions and gold price carrier a strong correlation , which gives an indication about market direction. With surge in the price of gold , more long positions shows increasing demand and vice versa.Since the price of gold has started falling from April 2018 onwards, the hedge funds and money manager started cutting their net long positions. With the prices coming under pressure , the managed net positions turned into negative , which shows that money managers and hedge funds started building net short positions. The managed net positions are continuously showing negative trend since mid-july onwards. Blek outlook for gold due to rise in interest rate is leading to building short positions in the gold contracts. At the beginning of 2018 , managed net positions were standing at 148174 net long contracts, which was down to 51851 net short positions at the end of November.
Managed net positions and gold price carrier a strong correlation , which gives an indication about market direction. With surge in the price of gold , more long positions shows increasing demand and vice versa.Since the price of gold has started falling from April 2018 onwards, the hedge funds and money manager started cutting their net long positions. With the prices coming under pressure , the managed net positions turned into negative , which shows that money managers and hedge funds started building net short positions. The managed net positions are continuously showing negative trend since mid-july onwards. Blek outlook for gold due to rise in interest rate is leading to building short positions in the gold contracts. At the beginning of 2018 , managed net positions were standing at 148174 net long contracts, which was down to 51851 net short positions at the end of November.