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Gold Rebounds as Loeb Dumps Stake: Bullish Tailwinds Remain Intact

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Dan Loeb's Third Point liquidated its $40.87 million gold stake in Q2, prematurely exiting before an August rebound.
  • Despite short-term Fed rate pressure, analysts and investors like Ray Dalio retain a bullish outlook for bullion, citing persistent central bank buying and fiscal dominance.
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XAUUSD price history

4309.90 -9.45% over the displayed period

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