Gold continues to benefit from renewed buying interest and short covering from hedge funds and money managers, but analysts are mixed as to how long this trend can last.
According to the disaggregated Commitment of Trader Report for the week ending Feb. 9, money managers increased their speculative gross long position in Comex gold futures by 20,493 contracts to 121,059. At the same time, short bets fell by 11,107 contracts to 60,423. The latest data shows the gold market is net long by 60,636 contracts...............................................Full Article: Source
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