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Funds Increase Bullish Position In Gold Futures

From kitco.com

Large speculators upped their bullish positioning in gold futures – although likely only temporarily -- during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. However, these accounts may well have cut their bullish posture since then, as gold prices have shed more than $20 an ounce since the April 9 cutoff date for the last CFTC report, analysts said. During the week-long period covered by the data, Comex June gold rose to $12.90 to $1,308.30 an ounce, while May silver climbed 15 cents to $15.211. Net long or short positioning in the CFTC data reflect the difference ... (full story)

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  • Category: Fundamental Analysis