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Home>Coins dealers headline>For A 6th Straight Week, Money Managers Bet On Gold

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For A 6th Straight Week, Money Managers Bet On Gold

IMG Auteur

USA Gold

Published : August 28th, 2017

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FOLLOW : Bullish Commercial Commodity Commodity Futures Commodity Futures Trading Commission Data Funds Futures Georgia Gold Market Monetary Money Show Silver Trading Trading Commission

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Category : Coins dealers headline


	Kitco News/Allen Sykora /08-28-17 Money managers kept adding to their net bullish positioning in gold as minutes of the most recent Federal Open Market Committee meeting suggested that U.S. monetary policymakers have a dovish mood, analysts said. The weekly data compiled by the Commodity Futures Trading Commission show that the net-long, or bullish, position of money managers rose in both gold and silver futures for the week through the reporting cutoff date of Aug. 22. …“Funds hold a sizable long in gold and are net long in silver as well,” said Sean Lusk, director of commercial hedging with Walsh Trading.

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