8 Jun 2015
Gold speculative positions dipped last week
FXStreet (Mumbai) - As per the data released by the Commodity Futures Trading Commission (CFTC) on Friday, speculators trimmed their bullish positions in Gold last week to lower the overall bullish bets for a second straight week.
The non-commercial futures contracts of Comex gold futures witnessed a weekly change of -284 contracts to total a net position of 104,410 contracts during the reporting time period - May 26th to Tuesday June 2nd. Weekly bearish positions increased by 2,632 contracts, while the weekly bullish positions by +2,348 contracts.
Meanwhile, during the reporting time period, gold price edged higher from approximately USD 1,187.80/Oz to USD 1,194.40/Oz.
The non-commercial futures contracts of Comex gold futures witnessed a weekly change of -284 contracts to total a net position of 104,410 contracts during the reporting time period - May 26th to Tuesday June 2nd. Weekly bearish positions increased by 2,632 contracts, while the weekly bullish positions by +2,348 contracts.
Meanwhile, during the reporting time period, gold price edged higher from approximately USD 1,187.80/Oz to USD 1,194.40/Oz.