Looks like the news of air attacks in portions of ISIS-controlled Syria has been enough to spook some of the shorts in gold. After a ferocious wave of short-covering, gold has given back most of its gains for now.
After a near relentless decline, it was perhaps to be expected that any sort of news which might generate some safe-haven buying would run some shorts out of the market.
This post was published at Trader Dan Norcini on September 23, 2014.
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