Commodities are caught in an unrelenting slump as gloomy headlines over the impact of the deadly coronavirus pile up. On "Bloomberg Commodities Edge", Bloomberg's Alix Steel talks with Suki Cooper, precious metals analyst at Standard Chartered. They discuss gold, palladium and silver prices amid the market volatility.
I am having difficulty understanding XAU price in the context of the continuing escalating Covid19 crisis.
Yes I can see technical reasons.. but its seems to be flying in the face of fundamentals.
Is this a short squeeze?
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