Commodities Buzz: Gold Speculative Long Positions Continue To Edge Higher

27 Jun 2022 , 11:43 AM

Large precious metals speculators continued to increase their net long positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 163287 contracts in the data reported through June 22, 2022. This was a weekly fall of 8689 net contracts. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net short position of – 186929 contracts on the week. This was a weekly change of -8360 net contracts. Powered by Commodity Insights