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COT: Gold bulls stand firm despite recent correction
In the forex market, aggressive dollar buying extended to a sixth week, despite some emerging weakness, especially against the euro and the activity currencies of CAD, AUD and NZD. Overall, the gross dollar long against eight IMM futures and the dollar index jumped by 28% to USD 32.9 billion, a near five-year high. The move was led by the euro where traders flipped their position to a -10k net short for the first time since September 2022, the yen net short reached an 18-year high at -180k while the 26k net short in Sterling was the biggest since September 2022. In the week to 23 April, the Bloomberg Commodity Total ... (full story)