Speculators cut bullish bets in gold, silver and copper -CFTC-Shanghai Metals Market

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Speculators cut bullish bets in gold, silver and copper -CFTC

Industry News 09:22:20AM Aug 11, 2014 Source:SMM
Fri, 8 Aug 20:11:00 GMT
 
(Adds graphic link, details from CFTC report in paragraphs 3-8)
 
Aug 8 (Reuters) - Hedge funds and money managers cut their bullish bets on gold futures and options as the yellow metal's prices fell in the week to Aug. 5, the Commodity Futures Trading Commission said on Friday.
 
A recent string of strong U.S. economic indicators lessened safe-haven buying, traders said, sending bullion prices nearly 1 percent lower in the period covered by the CFTC's latest Commitments of Traders report.
 
The group, also known as Managed Money, slashed net-long positions in silver and copper markets in CFTC's latest Commitments of Traders report.
 
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Interactive graphic: http://r.reuters.com/buv87r
 
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Speculators decreased their net long position in gold by 17,981 contracts to 104,111 lots, the CFTC data showed.
 
Traders now look forward to next week's CFTC report which will show changes in speculative positioning after U.S. air strikes in Iraq and amid rising tensions in the Middle East.
 
The group lowered net long positions in silver by 12,633 lots to 29,065 contracts.
 
Speculators also cut 4,529 bullish bets in copper to lower the market's net longs to 34,330 lots.
 
In addition, the group decreased bets on platinum <0#3CFTC076651> by 4,437 to a net long of 37,837, and cut palladium longs <0#3CFTC075651> by 2,866 to 16,806 contracts.
 
 
(Reporting by Frank Tang; Editing by Paul Simao and Gunna Dickson)
 
((Frank.Tang@thomsonreuters.com)(+1 646 223 6126)(Reuters Messaging: frank.tang.thomsonreuters@reuters.net))
 
Keywords: CFTC METALS/

Speculators cut bullish bets in gold, silver and copper -CFTC

Industry News 09:22:20AM Aug 11, 2014 Source:SMM
Fri, 8 Aug 20:11:00 GMT
 
(Adds graphic link, details from CFTC report in paragraphs 3-8)
 
Aug 8 (Reuters) - Hedge funds and money managers cut their bullish bets on gold futures and options as the yellow metal's prices fell in the week to Aug. 5, the Commodity Futures Trading Commission said on Friday.
 
A recent string of strong U.S. economic indicators lessened safe-haven buying, traders said, sending bullion prices nearly 1 percent lower in the period covered by the CFTC's latest Commitments of Traders report.
 
The group, also known as Managed Money, slashed net-long positions in silver and copper markets in CFTC's latest Commitments of Traders report.
 
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 
Interactive graphic: http://r.reuters.com/buv87r
 
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 
Speculators decreased their net long position in gold by 17,981 contracts to 104,111 lots, the CFTC data showed.
 
Traders now look forward to next week's CFTC report which will show changes in speculative positioning after U.S. air strikes in Iraq and amid rising tensions in the Middle East.
 
The group lowered net long positions in silver by 12,633 lots to 29,065 contracts.
 
Speculators also cut 4,529 bullish bets in copper to lower the market's net longs to 34,330 lots.
 
In addition, the group decreased bets on platinum <0#3CFTC076651> by 4,437 to a net long of 37,837, and cut palladium longs <0#3CFTC075651> by 2,866 to 16,806 contracts.
 
 
(Reporting by Frank Tang; Editing by Paul Simao and Gunna Dickson)
 
((Frank.Tang@thomsonreuters.com)(+1 646 223 6126)(Reuters Messaging: frank.tang.thomsonreuters@reuters.net))
 
Keywords: CFTC METALS/