Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players added to their bullish bets on gold in the week ending October 17.
According to the report, 66.3% of market participants held long positions in gold last week, up from 61.6% in the previous week. A reading between 50%-70% is bullish for the instrument.
In the stock market, 48.5% of investors were long on the S&P 500 last week, compared to 51.3% a week earlier. A reading between 30% and 50% is considered bearish.
Meanwhile, in the forex market, 33.7% held long positions in EUR/USD last week, down from 36.2% in the preceding week, while 50.1% of investors were long in GBP/USD, compared to 49.1% a week earlier.
Elsewhere, 60.7% of market participants held long positions in USD/JPY last week, down slightly from 61.0% a week earlier, while 58.7% of investors were long USD/CHF, up from 54.5% in the preceding week.
Amongst the commodity-linked currencies, 49.2% were long USD/CAD, compared to 43.8% a week earlier, 51.5% held long positions in AUD/USD, up from 44.4% in the preceding week, while 56.6% were long NZD/USD, little changed from 57.2% a week earlier.
The Investing.com series of indexes is developed in-house. Each index measures overall exposure to major currency pairs, commodities and indexes, using data from futures exchanges and OTC providers on all long and short open positions.
A reading between 50%-70% is bullish for the instrument, a reading between 30% and 50% is bearish, a reading above 70% indicates overbought conditions and a reading below 30% indicates oversold conditions.