"We’re comfortable holding length due to dollar pressure ("release valve"), gradual Central Bank re-engagement, and strong Chinese imports. Franchise flow picked up significantly this week, combination of 3-6m digis and outright buying targeting between 4800 – 5500"

Investors that pounced on the correction in bullion by piling into gold ETFs last month have been rewarded with an explosive rally on Thursday.

Gold prices soar to a near three-month high, driven by a weaker dollar and US Treasury bond buyback announcements.

Gold prices soared to a three-month high on Friday, marking its third consecutive weekly increase. This rally was driven by a softer U.S. dollar influenced by Treasury buyback…