| Side | Price | Filled | Realized P&L |
|---|
| Sell Close | 374.50 3 | -5.95% Closed |
Gold Surges $300 in Three Sessions — Short Squeeze or a New Driver?
Gold futures settled up 1.02% Friday at $4,384 per ounce, while silver gained 0.66% to $63.75, with gold briefly hitting a seven-week intraday high — a $300 rally over three sessions that markets are characterizing as a short squeeze. The logic is clear: falling oil prices first eased inflation fears, then the weak payrolls report pulled down rate and dollar expectations, shifting gold's trading thesis from safe-haven demand toward declining real yields. This week's CPI is the next key variable. With fear giving way to rate dynamics as the primary driver, how long can gold's acceleration last?
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