"Open interest has declined because of long positions liquidating last week on the big move down, and they haven't come back into the market," Bob Haberkorn, a senior market strategist at RJO Futures in Chicago, said in an email. "What's keeping gold lower for the most part have been comments since last week by various Fed members on a December rate hike, like what we heard from Evans last night."
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Bob started his career in 2005 as a broker with Lind-Waldock. He is often quoted in industry sources, such as the Wall Street Journal in regards to precious metals and the copper market.