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23 Sep 2024 13:07
Commodities Buzz: Gold net speculative long positions spike to four and half month high
Precious metals speculators sharply increased their net long positions in the Gold futures markets after recent rise, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Gold futures, traded by large speculators, hedge funds and retailers, totaled a net position of 310066 contracts in the data reported through September 17, 2024, up 27565 contracts from the previous week. The net longs are now at highest in four and half month high.
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