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Speculative demand for gold is overcrowded, but this is not driving prices - Standard Chartered’s Suki Cooper
While bullish speculation in gold remains crowded, one market strategist argues it's not the main driver behind recent price moves. The latest trade data from the Commodity Futures Trading Commission shows that, as of the week ending July 18, money managers increased their bullish bets by 7,972 contracts to a total of 172,657. At the same time, they reduced their short positions by 13,763 contracts to 22,625. Gold’s net length now stands at 136,726 contracts, roughly in line with the sideways trend observed over the past month. In her latest note on gold, Suki Cooper, Precious Metals Analyst at Standard Chartered ... (full story)
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- Jul 21, 2025 3:26pm Posted byFundamental Analysis267
