Speculators Pile Into Gold Futures, Options

Source:

"For the week ended July 31, speculators in the Commodity Futures Trading Commission's weekly commitment of traders report saw their net-long positions in gold rise significantly in both the legacy and disaggregated reports."

Kitco News, Debbie Carlson

As gold prices rose during the last week of July, speculators sought out to buy the yellow metal on the Comex division of the New York Mercantile Exchange, according to U.S. government data.

For the week ended July 31, speculators in the Commodity Futures Trading Commissionís weekly commitment of traders report saw their net-long positions in gold rise significantly in both the legacy and disaggregated reports. Silver saw a similar strong rise in the net-long positions, while palladium's net-long position rose modestly. Platinum activity was divided in the two reports, as it was also for copper. . .View Full Article

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