The net-long positions for large speculators in gold futures and options on the Comex division of the New York Mercantile Exchange fell as the new short positions they added more than offset the new bullish positions, according to U.S. government data released late Friday.
For the week ended June 11, large speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report added both gross longs and gross shorts in gold, but they added many more gross shorts, effectively lowering the net-long position. In silver, large speculators flipped to a tiny net-short position in the disaggregated report, while in the legacy report they cut their net-long silver holdings.
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