CFTC Positioning Report: Gold, Silver, and Oil Show Bullish Trends, while Copper Net Longs Dip Slightly

Data from the U.S. Commodity Futures Trading Commission (CFTC) shows that, as of March 10, net long positions held by speculative traders in COMEX gold increased by 1,383 contracts to 102,236 contracts. Speculative traders in COMEX copper reduced their net long positions by 723 contracts to 47,732 contracts, while those in COMEX silver raised their net long positions by 2,407 contracts to 9,721 contracts. As of March 10, oil speculators increased their net long positions in WTI crude oil by 17,596 contracts to 115,448 contracts.

FX678 Finance08:30

Gold and Silver Price Forecast: Risk Aversion Surge or Bull Trap?

During the European trading session on Friday (March 13), gold (XAU/USD) maintained a steady upward trend, trading around the 5,120-dollar range with strong buying support and relatively robust bullish sentiment. However, it is important to note that this bullish trend in gold prices was not driven by a single factor but primarily supported by two key elements: the escalating geopolitical tensions in the Middle East and global investors' urgent demand for safe-haven assets. On the other hand, the persistent strength of the US Dollar Index became a critical factor restraining further gains in gold prices. Recently, market participants have been closely monitoring the actions of the US Federal Reserve.

FX678 FinanceMar 13 20:14

At 20:30 tonight, the U.S. January PCE may show an anomaly unseen for decades! Could this be another obstacle on the Federal Reserve's path to interest rate cuts?

Following the release of the CPI data, the market widely anticipates that this favored indicator of the Federal Reserve will 'take off.' Has an interest rate cut within the year become a distant hope? Additionally, this data was released prior to the outbreak of the Middle East conflict...

Golden10 DataMar 13 14:00

Express News | Ministry of Commerce: He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to France from March 14 to 17 for trade and economic consultations with the United States.

BreakingsMar 13 13:27

Technical Analysis Report for March 13: Spot Gold, WTI Crude Oil Futures

This article compiles the latest insights from analysts at Economies.com, covering a range of products including spot gold and WTI crude oil futures!

Golden10 DataMar 13 13:02

Global Forex and Fixed Income Roundup: Market Talk

WSJMar 13 10:46