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Highlighting the COT metals data is this week’s sharp decline in the #Gold# futures bets. The speculative net position in the Gold futures dropped by -48,009 contracts this week, marking the largest one-week decline in the past one-hundred and forty-six weeks, dating back to April 16th of 2019 when speculator bets fell by -49,091 contracts.

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Kelloggs reminds
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Great insight! The sharp decline in speculative positions on Gold futures is certainly noteworthy, especially with such a large drop in just one week. A change like this could signal a shift in market sentiment, and it’s interesting to see how this compares to past declines, like back in April 2019. It’ll be important to monitor how this impacts price action moving forward.

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