Gold Reclaims $4000 as Data Show Modest Speculative Retreat Before Latest Sell-Off

AI desk brief

Gold reclaimed $4,000/oz on Monday, trading around $4,021 after a 4.2% weekly slide that took it to a Friday PM auction low of $4,013, while silver rebounded to $54.15/oz after a 6.6% weekly drop. The latest CFTC data showed Managed Money cutting Comex gold net longs for an eighth straight week to 338.05t on 20 Oct, down 132.59t over the run, while SPDR GLD saw a 1.64% weekly outflow to 1,041.65t; iShares IAU was broadly flat.