Analysts were warning that the gold market was ripe for a short squeeze rally as prices fell to a seven-month low earlier in the month, and they were proven right as the latest trade data from the Commodity Futures Trading Commission (CFTC) showed significant short-covering in gold and silver.
1. The U.S.-China trade war continued to be the primary driver for market volatility this week. The Hong Kong protests remain a thorn in the side of Beijing as the pro-democracy demonstrations expand. Chinese troops have moved closer to the region, ostensibly in a previously planned maneuver that has nothing to do with the protests,…
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