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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold bulls increase positions to highest since January

Posted on 04 September 2013

Hedge funds and other speculators are making the biggest bet on a gold rally since January as mounting signs that the U.S. will lead a military strike against Syria drove prices to a three-month high.
Money managers boosted their net-long position by 34% to 97,902 futures and options by Aug. 27, the most since Jan. 22, U.S. Commodity Futures Trading Commission data show. Holdings of short contracts tumbled 37% to 32,088, the biggest drop in 11 months. Net-bullish holdings across 18 U.S.- traded commodities climbed 18% to 824,251, the highest since February………………………………………..Full Article: Source


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