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4 May 2015
Gold net bullish positions stand almost unchanged
FXStreet (Mumbai) - As per the data released by the US Commodity Futures Trading Commission (CFTC) showed net bullish positions in gold remained largely unchanged around +100,000 contracts for a second week.
The non-commercial futures contracts of Comex gold futures totaled a net position of +101,257 contracts. This was a weekly change of only +12 contracts from the previous week’s total of +101,245 net contracts. Weekly bullish positions rose by 5,362 contracts, which virtually matched up with the weekly bearish positions that increased by 5,350 contracts.
Meanwhile, during the reporting time period - April 21st to April 28th – Gold prices increased from USD 1203.10/Oz to USD 1213.90/Oz.
The non-commercial futures contracts of Comex gold futures totaled a net position of +101,257 contracts. This was a weekly change of only +12 contracts from the previous week’s total of +101,245 net contracts. Weekly bullish positions rose by 5,362 contracts, which virtually matched up with the weekly bearish positions that increased by 5,350 contracts.
Meanwhile, during the reporting time period - April 21st to April 28th – Gold prices increased from USD 1203.10/Oz to USD 1213.90/Oz.