FXStreet (Mumbai) – The data released by the Commodity Futures Trading Commission (CFTC) showed speculators trimmed bullish positions in Gold in anticipation of an interest rate hike in the US.

The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, witnessed a weekly change of 5,967 contracts to total a net position of +13,656 contracts in the data reported through December 15th. Weekly bullish positions fell by 6,830 contracts , while the weekly bearish positions fell by 863 contracts.

The commercials, hedgers or traders engaged in buying and selling for business purposes, cut back on their overall bearish positions to a net total position of -8,266 contracts through December 15th.

The data released by the Commodity Futures Trading Commission (CFTC) showed speculators trimmed bullish positions in Gold in anticipation of an interest rate hike in the US.

(Market News Provided by FXstreet)

By FXOpen