Gold Price Forecast: XAUUSD’s latest upswing lacks one important fundament support – Commerzbank Gold XAUUSD Banks
Latest surge likely attributable to covering of speculative short positions
“The latest surge in the Gold is likely to have been attributable to covering of speculative short positions. They amounted to a good 40,000 contracts just a few days earlier, according to the CFTC, putting them only marginally below their late-September high. By contrast, gold ETFs registered sizeable outflows at the end of last week, which picked up pace in the wake of theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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