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Gold prices stuck in neutral as hedge fund-induced short squeeze runs out of steam

From kitco.com

Gold prices are again stuck in neutral, with hedge funds looking for a new catalyst as November's rally runs out of steam, according to the latest trade data from the Commodity Futures Trading Commission (CFTC). Gold prices are treading water above $1,750 an ounce after a nearly three-week short squeeze was unable to push prices above $1,800. February gold futures last traded at $1,766.20, up 0.62% on the day. Gold prices saw a sharp rally at the start of November as markets started to shift their expectations on U.S. monetary policy, looking for the Federal Reserve to slow the pace of its aggressive rate hikes. ... (full story)

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  • Category: Fundamental Analysis