COMEX Gold futures rebounded today, moving up near $3700 per ounce mark as bargain buying helped cap losses. The metal has slipped by around 1% yesterday as US dollar stayed supported. However, broad sentiments remain in favour of Gold amid geopolitical unrest and excellent buying support from fund managers. Precious metals speculators continued to raise their net long position in the Gold futures, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Gold futures, traded by large speculators, hedge funds and retailers, totaled a net position of 261740 contracts in the data reported through September 9, 2025, recording a surge of 12210 contracts from the previous week. The net longs have hit around five and half month high with this spurt. MCX Gold futures are trading at Rs 109301 per 10 grams, up 0.23% on the day after falling under Rs 103200 per 10 grams mark.

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