60 Second Snapshot: Gold Is A Crowded Trade
Gold is a crowded trade and this week futures on the yellow metal turned net short for the first time since April 2001. I will give you an explanation on why traders have turned bearish on gold and how the U.S. dollar has remained strong, even though indicators show it is overbought. Federal Reserve Chairman Jerome Powell will be speaking at Jackson Hole on Friday and his remarks could be a market-moving catalyst.
Video Length: 00:01:07
Disclosure: All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
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