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

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Published : August 28th, 2017
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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.

Read the rest of the article at USA Gold
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