Gold Futures Recoup Some Losses but Short-Term Outlook Is Bearish
Gold futures tick up slightly after falling 1.5% in the prior session.
Futures are up 0.1% at $3,337.40 a troy ounce, but are down 2.1% on week after Israel and Iran agreed to a cease-fire.
The easing tensions are unwinding the fear-driven gold rally, Tradu.com's Russell Shor says in a note.
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