Gold prices fell last week and, we are seeing a similar scenario this week as well. Gold recorded their worst weekly drop in nearly 6 months by the 21st March closing while the broader set of cues remained the same on Monday morning. As per an update from CFTC, hedge funds and money managers raised their bullish bets in the commodity to their highest level since December 2012, most likely led by worries over increasing tensions in Ukraine. However, the data released on Friday provided an update till Tuesday and should be taken with a pinch of salt, as the situation might have changed slightly after the huge drop in
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