Gold Speculators Keep Bullish Stance as Prices Edge Higher

The latest Commitment of Traders (CoT) data shows that speculators remain in extreme bullish territory for gold, with long positions still dominating the market. Gold last traded at $4,183.94 per ounce, up 18.54 points or 0.45 % on the day. Silver followed suit, moving to $57.755 an ounce, a gain of 0.45 points or 0.79 %. Energy markets saw modest declines: WTI crude fell to $96.81, a drop of 2.21 points (-2.23 %), while Brent slipped to $107.05, down 2.81 points (-2.56 %). Industrial metals were mixed; copper edged higher to $6.5953 an ounce, up 0.0218 points (+0.33 %), whereas aluminium slid to $2,992.00 an ounce, a loss of 16.50 points (-0.55 %). Natural gas slipped slightly to $3.115 per MMBtu, down 0.001 points (-0.03 %).