Commodities Buzz: Gold Speculative Long Positions Slide

21 Mar 2022 , 02:15 PM

Large precious metals speculators cut 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 261788 contracts in the data reported through March 15 2022. This was a weekly fall of 12600 net contracts and pulled down net longs from 14 month high. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net short position of -297441 contracts on the week. This was a weekly change of 9505 net contracts.

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