MCX bullion : New York data - Central Banks are buying gold and increasing quantities of Gold and Money manager having raise their positions.
CFTC data released on Friday showed that Money managers and hedge funds increased their long positions in gold for the first time in 5 weeks. Net position rose 1.3% to 197,844 contracts as compared to last week.
CFTC data released on Friday showed that Money managers and hedge funds increased their long positions in gold for the first time in 5 weeks. Net position rose 1.3% to 197,844 contracts as compared to last week.
In 2011, the European banks became net buyers of Gold first time since 1999 indicating that the economic crisis may continue longer than expected.
