US banks tighten grip on gold shorts
Open interest in Comex gold futures sold by banks up 54% between December and August
Banks in the US have come to dominate bets that gold prices will plummet from current highs, amassing the highest number of short positions in Chicago-traded futures in at least two years as of August.
Open interest in Comex gold futures sold by banks reached 276,380 contracts as of August 5 – a 53.8% rise year-to-date – before declining to 263,089 contracts as of September 2.
During the same
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