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Gold $2,463.46 $5.98 0.24% Silver $30.36 $0.09 0.3% Platinum $998.07 $2.4 0.24% Palladium $950.68 $(1.64) -0.17%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Gold futures gapped higher this morning to a new post-Hamas attack high of $2,004.

Gold positioning in the Commitments of Traders for the week ending October 24th showed Managed Money traders net bought 48,815 contracts and are now net long 90,682 contracts. Non-commercial & non-reportable traders were net long 169,754 contracts after increasing their already long position by 43,725 contracts.

With the December gold contract into the high Friday sitting $37 above the level where the last positioning report was measured, the net spec and fund long is only the highest since July...[MORE]

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