George Gero, managing director with RBC Wealth Management, is describing the bounce in gold prices so far Tuesday as short covering. This is when traders with short, or bearish, positions buy to offset them. The covering came about after the short side of the market became “crowded” during a […]
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Gold needs a fresh catalyst, says Lukman Otunuga, research analyst at FXTM. Otherwise, the yellow metal remains in a range, with $1,300 […]