'Comex Gold open interest up 10% over 10 sessions'
Gold | 2012-08-31 05:59:56
Comex gold open interest has risen by around 10% over the last 10 trading sessions, points out George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures.
By Paul Ploumis
NEW YORK (Scrap Monster): Comex gold open interest has risen by around 10% over the last 10 trading sessions, points out George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures.
"That means the funds have returned," Gero says. Open interest, or the number of open positions at the end of the business day, stood at 423,982 futures contracts as of Wednesday. This compares with 386,055 back on Aug. 15.
Two days with exceptionally large builds in open interest were Tuesday (rise of 9,957) and Aug. 21 (rise of 12,028).
