23 Mar 2015
Gold bullish positions continue to slide
FXStreet (Mumbai) - As per the data released by the Commodity Futures Trading Commission (CFTC) on Friday, speculators once again trimmed their Gold bullish positions during the reporting time period – March 10th to March 17th.
Total positions at lowest since January 2014
The non-commercial futures contracts of Comex gold futures totaled a net position of +53,093 contracts; down 28,799 contracts from the previous week’s total of +81,892. The weekly bullish positions fell by 9,553 contracts combined with a rise in the weekly bearish positions by 19,246 contracts. The overall gold speculator level now stands at its lowest since January 21st, 2014, when net positions totaled +46,583 contracts.
Meanwhile, during the reporting time period, Gold price fell from USD 1160.10/Oz to USD 1148.20/Oz.
Total positions at lowest since January 2014
The non-commercial futures contracts of Comex gold futures totaled a net position of +53,093 contracts; down 28,799 contracts from the previous week’s total of +81,892. The weekly bullish positions fell by 9,553 contracts combined with a rise in the weekly bearish positions by 19,246 contracts. The overall gold speculator level now stands at its lowest since January 21st, 2014, when net positions totaled +46,583 contracts.
Meanwhile, during the reporting time period, Gold price fell from USD 1160.10/Oz to USD 1148.20/Oz.