Gold futures fell from lofty levels, slipping 0.5% to $3,204.80 per troy ounce, still the second-highest ever close for the front-month contract.

"A simple regression analysis shows that over the period since early 2024, gold has turned into a momentum trade, which appears to be backed less by fundamentals and driven more by momentum," wrote ...

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1626 ET – Front-month gold futures finish the day at the much ... says Robert Yawger of Mizuho Securities USA in a note. “I would assume that central bank buying played some role in preserving ...