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Gold bullish positions rose last week

FXStreet (Mumbai) - The data released by the US Commodity Futures Trading Commission (CFTC) showed the speculators and large traders increased their gold bullish positions higher in the data reported through September 22nd following the drop in the bullish positions in the previous two weeks.

The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge fund, witnessed a weekly change of +21,578 contracts to total a net position of +61,125 contracts. The weekly bullish positions rose by 7,855 contracts and the weekly bearish positions dropped by -13,723 contracts.

The commercials (hedgers or traders engaged in buying and selling for business purposes) added to their overall bearish positions to a net total position of -57,228 contracts through September 22nd.

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