| Investor interest has been in the driver's seat for gold so far this year, with speculative positioning on Comex at its highest level since September and gold ETP holdings have scaled successive highs this year.
Gold still faces near-term hurdles such as bouts of dollar strength, broad risk reduction and profit-taking, but this is a healthy correction and the broader macro backdrop remains gold favourable, given the negative interest rate environment, longer-term inflationary concerns and lingering sovereign debt uncertainties...............................................Full Article: Source |