Advertisement
Singapore markets closed
  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • Bitcoin USD

    63,955.39
    -663.88 (-1.03%)
     
  • CMC Crypto 200

    1,334.43
    -62.10 (-4.45%)
     
  • S&P 500

    5,109.18
    +60.76 (+1.20%)
     
  • Dow

    38,291.75
    +205.95 (+0.54%)
     
  • Nasdaq

    15,948.54
    +336.78 (+2.16%)
     
  • Gold

    2,351.30
    +8.80 (+0.38%)
     
  • Crude Oil

    83.75
    +0.18 (+0.22%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     
  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

What Could Be the Catalyst for Gold’s Short Covering?

What Could Be the Catalyst for Gold’s Short Covering?

The CFTC (Commodity Futures Trading Commission) reports the position of major players in the futures market through its COT (Commitment of Traders) report. According to the COT report for the week ended September 4, money managers resumed building their short positions in gold futures. The money managers increased their net short positions from 75,772 contracts to 82,722 contracts in the latest week.