Saxo says gold futures buying stayed restrained despite 6.2% rally
Saxo Bank said speculative gold futures buying remained relatively restrained even as gold rallied 6.2% in the latest reporting week. Managed-money net length rose about 4% to around 151,000 contracts.
1041 GMT - Speculative buying in gold futures has remained relatively restrained despite a 6.2% price rally during the latest reporting week, suggesting some of the demand may be coming from outside the futures market, Saxo Bank says.
Managed-money net length rose just 4% to around 151,000 contract…