Weekly COT Report: Gold’s Net Long Exposure Hits A 14-Month High

From cityindex.co.uk

Large speculators were net-long USD by $30.9 billion, -$0.36 billion from the prior week ($34.7 billion against G10 currencies • JPY net-short exposure fell to a 3-month low • Traders are their most bearish on GBP since mid-January • GBP and JPY saw the largest volume change of -15.8k and 11.2k respectively Gold: The yellow metal saw net-long exposure increase by +69.4k contracts, its largest weekly change since December2017. Moreover, it was fuelled by an increase of +46k long contracts and reduction of -23.4k contracts to show confidence in the move. Over the near-term we continue to expect gold will remain ... (full story)