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Gold $3,117.10 $35.79 1.16% Silver $33.94 $(0.1) -0.29% Platinum $999.45 $17.2 1.75% Palladium $992.50 $22.4 2.31%

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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