Gold prices bounce back above $5,000 on safe haven demand
Geopolitical tensions between the US and Iran drive investors to the precious metal.
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Geopolitical tensions between the US and Iran drive investors to the precious metal.
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Fund managers are "uber-bullish" but behind the confident outlook, the crowded long position in gold and an uptick in cash levels betray some doubts.
Gold's fragile hold on $5,000 an ounce gave way to selling on Tuesday.
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