Gold: Net bullish positions rise for the 3rd straight week - CFTC
According to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday, net bullish positions in gold rose for the third week in a row, as rising political concerns in the UK and US boosted the ultimate safe-haven.
The non-commercial futures contracts of Comex gold futures gained 37,375 contracts over the week, totalling to a net position of 204,465 contracts in the data reported through June 6th.
Meanwhile, the commercial traders position totalled a net position of - 216,354 contracts this week, registering a weekly drop of -33,135 contracts from the total net of -183,219 contracts seen last.
The overall net position rose above the 200,000 level for the first time since April 25th, when net positions totaled 200,677 contracts.