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Commodities Buzz: Gold net speculative long positions slide to three month low

11-Nov-24 12:59 Hrs IST

Precious metals speculators sharply reduced their net long positions in the Gold futures markets yet again, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Gold futures, traded by large speculators, hedge funds and retailers, totaled a net position of 255329 contracts in the data reported through November 5, 2024, down 23324 contracts from the previous week. The net longs have slumped to three month low.

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