Gold net bullish positions rose for a second week

FXStreet (Mumbai) - As per the data released by the Commodity Futures Trading Commission (CFTC), gold traders raised their gold bullish positions last week to boost the bullish positions for a second week.

The non-commercial futures contracts of Comex gold futures witnessed a a weekly change of +19,391 contracts to total a net position of +95,114 contracts in the data reported through June 23rd. The weekly bullish positions rose by 11,891 contracts, while the bearish positions fell by -7,500 contracts.

Gold currently trades at USD 1183.10/Oz,up 0.85% on the day; largely due to the risk aversion triggered by the Greek crisis.