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Gold sees short covering and renewed bullish momentum

CTAs are covering gold shorts with positioning rising by around 7% of maximum historical size; renewed inflows into Chinese gold ETFs after the holiday and continued global ETF demand.

Original · FXStreet AI summary of public reporting

Why: CTA short covering + China ETF inflows

GOLD
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Prices since publication

At publication → Current
GOLD4,192 → 4,191−0.0%
Gold sees short covering and renewed bullish momentum | SignalHub