Gold Speculators boost bullish bets after recent sentiment slide

"Large precious metals speculators raised their bullish net positions in the Gold futures markets this week following a recent slide in the speculator sentiment, 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 224,348 contracts in the data reported through Tuesday June 16th. This was a weekly gain of 15,735 net contracts from the previous week which had a total of 208,613 net contracts.

The week’s net position was the result of the gross bullish position (longs) going up by 13,423 contracts (to a weekly total of 277,395 contracts) while the gross bearish position (shorts) fell by -2,312 contracts for the week (to a total of 53,047 contracts)."
https://www.countingpips.com/2020/06/gold-speculators-boost-bullish-bets-after-recent-sentiment-slide/