As others have mentioned, #gold is having a good morning today, trading aroun $1234.50/oz, probably on more short-covering.
Although positioning is not as extreme as it was, Comex speculators still hold large short positions and more gains could be seen.
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Although positioning is not as extreme as it was, Comex speculators still hold large short positions and more gains could be seen.
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Gold: We would have seen more short covering in #gold, I suspect, if the US dollar had not been firm over the past week.
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Gold: Similarly, US ReaL Yields have been something of a headwind to #gold recently, until today.
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@threadreaderapp unroll, please
