| Futures market speculators added to their overall bullish bets in the gold futures market last week for the second straight week as the weekly increase was the most since March, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +78,295 contracts in the data reported through June 17th. This was a weekly change of +17,168 contracts from the previous week’s total of +61,127 net contracts that was registered on June 10th...............................................Full Article: Source |