Gold Better Rise on Diwali Demand: Dennis Gartman

Gold prices have failed to climb above $1800 levels although holdings in exchange traded products with month to date volume rising by 30 tonnes in October showing strong investor demand. The latest CFTC data for the week ended 9 October revealed that speculative positioning continued to grow and remains at its highest level since August 2011 as fresh longs (8k lots) offset fresh shorts (4.3k lots).( Commodityonline )