6 Apr 2015
Net bullish positions on Gold rise for 2nd week
FXStreet (Mumbai) - As per the data released by the US Commodity Futures Trading Commission (CFTC), speculators increased bullish positions on Gold for the second week and boosted their gold bullish bets last week to the highest level in three weeks.
During the reporting time period - March 24th to Tuesday March 31st - the total non-commercial futures contracts of Comex gold futures stood at +80,019 contracts. Long positions rose by 4,584 contracts, while short positions fell by 21,154 contracts to register a weekly change of +25,738 contracts.
The gain of +25,738 contracts represents the largest weekly rise since January 27th when weekly net positions increased by +26,470 contracts.
Meanwhile, during the reporting time period, Gold prices dipped from USD 1191.40/Oz to USD 1183.20/Oz levels.
During the reporting time period - March 24th to Tuesday March 31st - the total non-commercial futures contracts of Comex gold futures stood at +80,019 contracts. Long positions rose by 4,584 contracts, while short positions fell by 21,154 contracts to register a weekly change of +25,738 contracts.
The gain of +25,738 contracts represents the largest weekly rise since January 27th when weekly net positions increased by +26,470 contracts.
Meanwhile, during the reporting time period, Gold prices dipped from USD 1191.40/Oz to USD 1183.20/Oz levels.