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COT: Gold and silver bought; US dollar sold ahead of FOMC
This summary highlights futures positions and changes made by hedge funds across commodities and forex during the week to Tuesday, December 13. A week that saw a weaker than expected US CPI print boost risk sentiment across markets, just ahead of last Wednesday’s hawkish FOMC meeting. Before then stocks rallied, and the dollar dropped to a fresh low for the cycle. Bonds held steady while the Bloomberg Commodity index jumped 4.5% with gains seen across most futures markets. The commodity sector traded sharply higher on the week with the Bloomberg Commodity Index jumping 4.5% as gains were recorded across all but two ... (full story)