RE:Nice Uptick in Price and VolumeI think it's in large part short covering. Gold futures broke $2k today. Past attempts have been slammed back below right away, but today held to the close for the first time in years.
If you're short and were holding on to see if gold would reverse again, you probably aren't thinking that's the case after the price action last night and today, so time to exit. Think we've seen this too a lessor extent over the past week.
Short interest was like 2.3% of the float on Mar 15. That's close to 10 million shares.