[Analyst: Recent Gold Market Shows Clear 'Short Squeeze' Characteristics] Odaily Planet Daily News – Rick de los Reyes, head of commodities business and fund manager at T. Rowe Price Group, stated that gold may maintain a sideways consolidation trend in the near term, followed by the potential to reach new highs. In an email analysis, Reyes noted that the recent surge in gold prices evolved extremely quickly, exhibiting typical 'short squeeze' characteristics, which pushed prices higher within a very short time frame. He pointed out that, based on historical experience, a spike in realized volatility is often followed by a period of consolidation before the upward trend resumes. While excessive crowding in any asset's positions can pose risks, Reyes added that the underlying drivers supporting gold demand remain solid. (Jin10)