Gold is trading higher for a second day as speculative short positioning and weak ETP holdings are indications of a US rate hike being all but priced in. The ECB meeting Thursday and US job report Friday are the next events to watch given the potential impact on the dollar.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/gold-bounce-driven-by-short-covering-on-a-fully-priced-in-rate-hike-6663476?utm_medium=tf4-feed&utm_source=extract
Gold bounces on short covering ahead of the 'hike'
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