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MarketWatch: Gold Burns Bears

LONDON, 2 October 2018 – Comment from BullionVault today leads the latest gold-market report from US financial news-site MarketWatch.

Noting today's sharp rise in prices, "Precious metal bears are getting burned by the sudden return of Italy's huge public debt to the headlines," says the report, quoting BullionVault director of research Adrian Ash.

"The speed of today's rally in precious metals suggests rapid short-covering by hedge funds and other speculators who were betting against bullion."

You can read the full story at MarketWatch here:

Gold settles at nearly 2-week high amid Italy budget jitters, even as dollar gains

Source: 
MarketWatch

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