As shown in the commitment of traders cot report, Gold futures are getting lots of long positions again. Currently in an overbought position. This is not really surprising. The "flight-to-safety" precious metal is much sought after in this economic turbulent times. With the Euro situation unclear and the end-of-the-year approaching, many fund managers who have not hit their target, are placing their safest bet in the speculative metal. Even AUD/USD has a similar bullish movement.
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