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Gold net bullish positions rose for third week last week

FXStreet (Mumbai) - The latest data released by the Commodity Futures Trading Commission (CFTC) showed speculators pushed up their net bullish positions in Gold higher for a third consecutive week last week.

The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, witnessed a weekly change of +10,174 contracts to total a net position of +86,819 contracts in the data reported through October 6th. The weekly bullish positions rose by 8,208 contracts combined with a fall in the weekly bearish positions by -1,966 contracts.

The commercials, hedgers or traders engaged in buying and selling for business purposes, increased their overall bearish positions for a third week to a net total position of -88,469 contracts.

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