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26 Jan 2015
Bullish positions on Gold rise for the fourth week
FXStreet (Mumbai) - Gold’s move towards USD 130/Oz levels has led to an increase in Gold bullish bets for the fourth week and at a fastest rate since June, showed the Commodity Futures Trading Commission (CFTC) for the January 20th.
The non-commercial futures contracts of Comex gold futures increased by 32,229 contracts to 2,455 contracts. The rise in net-speculator position was the largest weekly gain seen since June 24th 2014. Weekly bullish bets rose by 30,298 contracts, while bearish bets fell by 1931 contracts.
Over the weekly reporting time-frame, from Tuesday, January 13th to Tuesday, January 20th, Gold rose from approximately USD 1,234.40/Oz to USD 1,294.20/Oz.
The non-commercial futures contracts of Comex gold futures increased by 32,229 contracts to 2,455 contracts. The rise in net-speculator position was the largest weekly gain seen since June 24th 2014. Weekly bullish bets rose by 30,298 contracts, while bearish bets fell by 1931 contracts.
Over the weekly reporting time-frame, from Tuesday, January 13th to Tuesday, January 20th, Gold rose from approximately USD 1,234.40/Oz to USD 1,294.20/Oz.