22 Dec 2014
Speculators cut Gold long positions - CFTC
FXStreet (Mumbai) - The latest US government data on Friday showed Hedge funds and money managers cut their net long positions in gold futures and options during the week to Dec.16.
The gold net long fell from eight-month highs hit last week to to 103,738. The slight drop by 795 contracts may have been due to the rise in uncertainty on speculation that the US Federal Resver (Fed) would signal plans to raise interest rates at its Wednesday, Dec. 17, meeting. Meanwhile, the government data also showed silver bullish bets dropped 4,965 contracts to 14,985.
The gold net long fell from eight-month highs hit last week to to 103,738. The slight drop by 795 contracts may have been due to the rise in uncertainty on speculation that the US Federal Resver (Fed) would signal plans to raise interest rates at its Wednesday, Dec. 17, meeting. Meanwhile, the government data also showed silver bullish bets dropped 4,965 contracts to 14,985.