ETFs cut their gold holdings for 6 days in a row, the longest and biggest sell for over a year. After the Pfizer and Moderna vaccine news gold fell %5,85 just in one day. 2 days after ETFs start to decrease their gold holdings.
In the second half of the year, ETFs’ biggest gold-selling sprees were just over %0.50. This time, it’s 3 times bigger. Despite that gold is still near the same levels and holding over the 1850 support. You can check our technical views for gold by clicking ‘‘Gold Found Support From 1850” article.