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Gold bullish positions rose to the highest since February

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The latest Commodity Futures Trading Commission (CFTC) showed speculators added to their gold bullish positions last week, taking them to the highest level since February.

    The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds witnessed a weekly change of +34,142 contracts to total a net position of +151,301 contracts in the data reported through October 20th. The weekly bullish positions rose by 29,928 contracts, while the weekly bearish positions fell by 4,214 contracts.

    The commercials, hedgers or traders engaged in buying and selling for business purposes, decreased their overall bearish positions for a fifth week to a net total position of -163,300 contracts.
    For more information, read our latest forex news.
     

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