| Large scale speculators in gold futures continue to add to bets on a rising price even as the metal struggles to hold onto the $1,200 an ounce level. On Monday gold for delivery in June – the most active futures contract – drifted lower from Friday's closing price hitting a low of $1,196.35 during late morning trade in New York.
Gold has recovered 4% from its 2015 low of $1,148.20 an ounce hit mid-March but has not been able to break through $1,220 an ounce resistance, stymied by a strong dollar...............................................Full Article: Source
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