| After eight weeks of consecutive increases, gold's net speculative length fell last week. A decline, Standard Bank attributes to "Investor uncertainty over the ability of QE3 to support prices and/or the longevity of Fed's open-ended commitment to easing."
Indeed, the bank wrote in daily commodities note that this uncertainty is "weighing on gold", adding that it expects this week's data from the CFTC to show further weakening, although, it cautioned, "we should see some stability as the gold price moves towards $1,700."..............................................Full Article: Source
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