Gold Futures are rising as non-commercials add to their long positions. - Currently net long 192.3k, up 21.5k.
In the week to Wednesday, for the first time in 16 weeks, GLD (SPDR Gold ETF) saw positive flows, gaining $340 million (courtesy of ETF.com).
In the meantime, non-commercials raised net longs in gold futures to an 11-week high.
Last week, the metal jumped 3.6 percent after repeatedly defending $1,760s-$1,770s.
The nearest support lies at $1,800, and of course $1,760s-$1,770s after that.
In the week to Wednesday, for the first time in 16 weeks, GLD (SPDR Gold ETF) saw positive flows, gaining $340 million (courtesy of ETF.com).
In the meantime, non-commercials raised net longs in gold futures to an 11-week high.
Last week, the metal jumped 3.6 percent after repeatedly defending $1,760s-$1,770s.
The nearest support lies at $1,800, and of course $1,760s-$1,770s after that.
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