10% drop in US gold, crude oil, and copper net positions in Aug '24 indicates shifting investor sentiment and economic trends.
CFTC reported a 10% drop in US gold speculative net positions in August 2024 (246.6K from 273.1K), potentially signaling changes in investor sentiment and broader economic trends. Similar declines in crude oil (276.0K to 245.5K) and copper (42.2K to 24.5K) net positions were also noted. Market analysts are closely monitoring these shifts, as changes in speculative positions can significantly impact trading strategies and broader economic indicators.
August 03, 2024
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