 "Gold outlook")
Gold and Silver: Bulls speculators took a breather after 5 week strong run. The gross bullish position fell by -6597 contracts, while short position advanced by 7586 contracts indicating that bulls are clearly booking profit. Silver has outperformed gold this week and continues to do so. Finally, silver has breached $15.50 on the upside and next target comes at $16.
Yesterday’s better than expected core retail sales of US prompted selling in gold and US Dollar index also tested 97 levels. Weak Euro and Pound are pushing US dollar stronger which is creating headwinds for gold. We believe going
Yesterday’s better than expected core retail sales of US prompted selling in gold and US Dollar index also tested 97 levels. Weak Euro and Pound are pushing US dollar stronger which is creating headwinds for gold. We believe going
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