As highlighted in our weekly COT update, managed money held a net long of 169k COMEX #gold futures contracts on 2 September, valued at $60.6 billion. This accounted for 47% of the total net long across 27 major futures contracts, though still below last September’s 255k contracts

Market Quick Take - 11 September 2025 social.saxo/9k8iean via Saxo

Indeed…

COT on #commodities covering managed money positions in the week to 9 Sept: The BCOM fell 0.5%, driven by losses in energy, industrial metals and agriculture, only partly offset by individual gains in natgas, gold and coffee. Energy: The WTI net long slumped to a record low of

Commodities Monday morning comment: The Bloomberg Commodity Index (BCOM) rose 1.4% last week, supported by gains across all sectors. Soft commodities led the advance as coffee surged 6.3%, followed by industrial metals where aluminum and copper posted solid gains. Precious metal

OPEC and IEA's outlook for global oil-demand growth #oott #crude

Market Quick Take - 15 September 2025 social.saxo/zusavig via Saxo

Our weekly Commitment of Traders update highlights futures positions and changes made by speculators across #commodities and #forex during the week to last Tuesday, 9 September 2025. social.saxo/dnhd0pn via Saxo

Exchange-monitored #copper inventories rose to ~530 kt last week, a five-month high. LME slipped 4 kt to ~154 kt, SHFE rose 12 kt to ~94 kt, and CME posted a 25th consecutive weekly increase to ~280 kt, lifting the U.S. share of visible stocks to ~53%.

Global #container #freight rates extended their month-long slump last week. While China–US routes showed signs of stabilising as carriers swap out China-built vessels on services into the US ahead of the introduction of port fees—reducing the number of available ships—China–EU

The strong momentum in #gold ETF inflows helped bullion avoid a correction during the April–August consolidation phase. Declining real yields—driven by sticky inflation and US rate cut expectations, which strengthened following the dovish shift in messaging from Powell at Jackson

#Gold's advance has stalled around $3,650, the 0.618 extension of the breakout, which ultimately is targeting an area near $3,800