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

Speculators return to gold, but activity mixed elsewhere in precious metals

Posted on 01 October 2013

Speculators returned to buy gold futures and options traded on the Comex division of the New York Mercantile Exchange, but their activity in other precious metals markets was mixed, according to U.S. government data.
For the week ended Sept. 24, speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report continued to not only cover previously sold positions, but also established new bullish trades in gold in both the disaggregated and legacy versions of the report. Analysts said this may have reflected the Federal Reserve’s decision not to taper its quantitative easing program………………………………………..Full Article: Source


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