Commodities Buzz: Gold net speculative long positions slump from four month high

Precious metals speculators sharply cut their net long positions 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 284504 contracts in the data reported through February 11, 2025, slumping by 18004 contracts from the previous week. The net longs have dipped from four month high to three week low.

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