June 6 (Reuters) - Hedge funds and money managers cut their bullish bets in gold futures and options in the week to June 3 to their lowest level since mid-January, according to data from the Commodity Futures Trading Commission on Friday.
The group, also known as managed money, also boosted their net short position in silver for a third week and lowered their net long position in copper to its smallest since early May, the CFTC data showed.
The silver short is the highest in at least a year.
Selected categories from the CFTC weekly Commitment of Traders report:
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Gold 51,064 -17,329 -66,211 15925 -13,727 2,211
Silver -10,602 -3,605 11,668 4457 -18,418 545
Copper 16,240 -5,075 46,651 2123 -32,119 344
Other NonReport Open
Net Chg Net Chg Interest Chg
Gold 25,831 1,514 3,042 -2,323 604,437 -5,694
Silver 8,278 -1,123 9,075 -271 203,560 7,974
Copper -25,785 -318 -4,988 2,925 152,241 -1,740
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FUTURES ONLY Managed Swaps Producer
Net Chg Net Chg Net Chg
Gold 38,182 -19,387 -49,079 14,662 -14,365 532
Silver -7,638 -3,412 10,691 4,308 -20,331 282
Copper 16,149 -5,057 46,692 2,122 -31,957 319
Other NonReport Open
Net Chg Net Chg Interest Chg
Gold 20,969 5,147 5,247 -4272 397,695 -1,676
Silver 8,404 -910 8,874 -268 161,062 4,743
Copper -25,889 -305 -4,995 2921 151,783 3,153
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