Gold price firms in holiday-thinned trade, spotlight on Fed and Trump policies
The yellow metal has gained 27% so far this year.
Money managers raised bullish bets in COMEX gold futures and options to the highest level since the week of April 24, as bullion climbed to within $20 of its record during the period, data from the Commodity Futures Trading Commission showed Friday.
Speculators in silver futures and options also upped their net long positions in the week ended June 21, as safe-haven demand for precious metals grew in response to disappointing economic data from the United States and persistent concerns surrounding Europe’s debt crisis, according to the latest report from the U.S. regulator.
