Gold Prices May Fall as Fed Fights Pivot Bets and Short Covering Slows - DailyFX

Gold prices surged after economic data fueled Fed pivot bets. XAU's rally, fueled partly by short covering, may end soon, especially if the Fed sends a stronger response to ardent investors.

• Gold prices rose over 1.5% as traders ramped up Fed pivot bets after a soft CPI print
• The Fed may pushback against enthusiastic risk-taking, potentially threatening XAU
• COT da… [+2829 chars]
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