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

Gold bulls cut wagers as Goldman sees more losses: Commodities

Posted on 16 September 2013

Speculators got less bullish on gold, selling long contracts at the fastest pace this year as prices fell the most in almost three months on prospects for less central-bank stimulus. Goldman Sachs Group Inc. said the retreat has further to go.
The net-long position held by hedge funds and other large speculators fell 16 percent to 84,929 futures and options in the week ended Sept. 10, U.S. Commodity Futures Trading Commission data show. Long holdings dropped 10 percent, the most since December, and short bets increased 9.8 percent………………………………………..Full Article: Source


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