Gold Market Futures Speculators Cut Bullish Bets Once Again

Investing.com reported that according to the latest Commitment of Traders data, gold market futures speculators reduced their overall bullish bets last week “for a second straight week … and by the highest weekly amount since May.”

As quoted in the market news:

The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +121,463 contracts in the data reported through August 5th. This was a weekly change of -17,690 contracts from the previous week’s total of +139,153 net contracts that was registered on July 29th.

The fall in the overall net speculator positions (-17,690) last week was due to a decrease in the weekly bullish positions by 12,594 contracts and an increase in the bearish positions by 5,096 contracts. Last week’s decline in bets marked the largest weekly shortfall for gold speculators since May 27th when positions fell by 23,100 contracts.

Click here to read the full Investing.com report.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
+ see more
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Is-Gold-a-Good-Investment-Gold-Price-Forecast-2015There is no guide to gold that is more concise, clear and authoritative. Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015.
Comments

Leave a Reply