EghtesadOnline: Gold bulls are acting as if they can’t believe a good thing when they see it. They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains.

EghtesadOnline: Gold extended a rally to an 11-month high on demand for a haven as U.S. President Donald Trump weighed new economic sanctions that could target China after North Korea’s nuclear test. Palladium retreated after earlier touching the highest since 2001.

EghtesadOnline: Even as some analysts decry that gold is looking expensive, the rally may be just getting going.