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Gold Outlook: Bulls Eye Rebound, Though Futures Exposure Remains Weak
Gold continues to show tentative signs of at least a cheeky bounce, although for now it remains suppressed by a stronger US dollar. Still, with demand emerging at lower levels and bulls gaining the upper hand into Friday's close, I am on the lookout for a rebound this week. However, without a catalyst to significantly weaken the US dollar, it is difficult to envisage a sustained bullish trend developing for gold—especially when we factor in the cautious signals coming from both options and futures traders. The technical backdrop for gold has improved in recent weeks, with prices repeatedly finding support around ... (full story)
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