Economics
Gold Holds Gains as Investors Ask `Now What' for U.S. Fed Rates
- Options expiry set for Dec. 28 seen adding to volatility
- Net-short positions were at record last week, CFTC data show
Can the U.S. Economy Survive Fed Tightening?
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Gold futures climbed to the highest in more than a week, extending a recovery from near the lowest in five years, as prices gyrate with traders assessing the outlook for further increases in U.S. interest rates.
The metal’s 30-day historical volatility jumped to the highest since Nov. 3. Money managers raised their net-short positions to the highest ever in the week ended Dec. 15. Gold advanced as some investors closed out those bets before options expire and ahead of the Christmas holiday this week.