Gold shorts may be losing the courage of their convictions ahead of D-day on Friday.
The gold price briefly touched a fresh 5-month low in brisk, volatile trade on Wednesday before turning sharply higher after the release of strong US jobs numbers.
On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,251.50 an ounce during early afternoon dealing, up $40 from the $1,210.80 low struck shortly after the opening.
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