Gold has the wind at its back for now.
The market is full of debate about whether the commodities complex has bottomed, but gold is no ordinary commodity. It has a dual status — both as a commodity and a currency.
It's the currency side of that equation that may have sparked buying interest. So even though gold futures traded lower Monday, analysts say the yellow metal appears to be in an uptrend.
Here are five reasons why some traders are afraid to be short gold.