United States CFTC S&P 500 NC Net Positions fell from previous $-213.2K to $-226.8K

United States CFTC S&P 500 NC Net Positions fell from previous $-213.2K to $-226.8K

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GBP/USD is up for the day and heading into the weekly close, although missing momentum. Dismal United Kingdom macroeconomic data undermines demand for the Pound despite the US Dollar’s lack of appeal.


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Gold price retreats from multi-month highs ahead of the weekend due to the US Dollar (USD) recovering some ground and elevated US Treasury bond yields, despite recessionary fears around the US economy. Hence, the XAU/USD is retracing from daily highs of $1937.91, exchanging hands at $1926.42, down 0.28%.

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