Gold jumps as hedge funds exit short and ETP buyers return

Gold continues to recover after failing to hit a new low in the aftermath of the US rate hike last week. Hedge Funds covering short futures position and the biggest pick-up in ETF buying since January has taken the metal back towards key resistance.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/gold-jumps-as-hedge-funds-exit-short-and-etp-buyers-return-6776660?utm_medium=tf4-feed&utm_source=extract