Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Gold Speculators Upped Their Bullish Bets For 4th Time In 5 Weeks

By Zachary StorellaCommoditiesNov 24, 2019 12:57AM ET
www.investing.com/analysis/gold-speculators-upped-their-bullish-bets-for-4th-time-in-5-weeks-200487441
Gold Speculators Upped Their Bullish Bets For 4th Time In 5 Weeks
By Zachary Storella   |  Nov 24, 2019 12:57AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Gold COT Futures Large Traders Positions
Gold COT Futures Large Traders Positions

Gold Non-Commercial Speculator Positions:

Large precious metals speculators continued to increase their bullish net positions in the Gold futures markets this week, 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 Gold futures, traded by large speculators and hedge funds, totaled a net position of 285,859 contracts in the data reported through Tuesday November 19th. This was a weekly rise of 18,793 net contracts from the previous week which had a total of 267,066 net contracts.

The week’s net position was the result of the gross bullish position (longs) increasing by 14,107 contracts (to a weekly total of 337,296 contracts) while the gross bearish position (shorts) declined by -4,686 contracts for the week (to a total of 51,437 contracts).

Gold speculators added to their bullish bets by over +18,000 net contracts this week and now by a total of +32,832 contracts in the past five weeks. Gold positions have been above the +250,000 net contract level for eighteen straight weeks, dating back to late July. Further gains in positioning could see bullish bets back over the +300,000 net contract level for the first time since September 24th when the net position totaled +312,444 contracts.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -319,095 contracts on the week. This was a weekly fall of -17,627 contracts from the total net of -301,468 contracts reported the previous week.

Gold COT Futures Large Traders Positions
Gold COT Futures Large Traders Positions

Gold futures:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold futures (Front Month) closed at approximately $1474.30 which was an uptick of $20.60 from the previous close of $1453.70, according to unofficial market data.

Gold Speculators Upped Their Bullish Bets For 4th Time In 5 Weeks
 

Related Articles

Phil Flynn
Energy Report: Get Out Of The Way By Phil Flynn - Apr 14, 2021 2

If the International Energy Agency (IEA) sounds bullish then oil bears had better get out of the way. Oil prices might be breaking out of their month-long wicked trading range...

Gold Speculators Upped Their Bullish Bets For 4th Time In 5 Weeks

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Malvin Cdyc
Malvin Cdyc Nov 24, 2019 6:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
think he is one of the few people who speak well, others sell fake things
Mostafa Amin
Mostafa Amin Nov 24, 2019 3:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks
Dev Nandan
Dev Nandan Nov 24, 2019 2:58AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Excellent article...
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email