Gold net bullish positions rose for a second week

FXStreet (Mumbai) – As per the data released by the Commodity Futures Trading Commission (CFTC), gold traders raised their gold bullish positions last week to boost the bullish positions for a second week.

The non-commercial futures contracts of Comex gold futures witnessed a a weekly change of +19,391 contracts to total a net position of +95,114 contracts in the data reported through June 23rd. The weekly bullish positions rose by 11,891 contracts, while the bearish positions fell by -7,500 contracts.

Gold currently trades at USD 1183.10/Oz,up 0.85% on the day; largely due to the risk aversion triggered by the Greek crisis.

As per the data released by the Commodity Futures Trading Commission (CFTC), gold traders raised their gold bullish positions last week to boost the bullish positions for a second week.

(Market News Provided by FXstreet)