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A historic squeeze in New York copper futures is drawing to a close, with the loosening of a key price spread taking the pressure off traders who faced spiraling losses on short positions earlier this month. July-delivery contracts on CME Group’s Comex exchange traded at a narrow discount to September futures on Wednesday, returning to levels seen before ...
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Global central banks held more than 36,699 metric tons (MT) of gold in their reserves as of year-end 2023. Most of that supply has been amassed since 2010, when central bankers commenced a gold-buying spree. Central banks were net sellers of gold before that time, selling roughly 4,426 MT of gold between 2000 and 2009. But for nearly a decade and a half now ...