Wall Street is selling gold. So who's buying it?

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Gold fell 8.5% in September, its steepest monthly decline of the year, closing at $4,176. The selling came from the futures market. As the 10-year Treasury yield surged 53 basis points and the dollar climbed 2%, managed-money traders cut their net long positions by roughly 84 tons.

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Houthis claim six attacks on Saudi Arabia in 48 hours, strikes include the Yanbu Aramco facility and the Shaybah oilfield; Putin has reportedly proposed a meeting with Trump and Xi next month to discuss ending the Ukraine war; Iranian Navy said the US military attacked the Konarak naval base with "two light projectiles" early this morning, which US officials later deny; Trump signs an executive order waiving Graham Act sanctions and tariffs on Russian energy; China Q3 GDP Y/Y sees slight beat; Softer-than-expected Canadian inflation; DeepSeek is reportedly working closely with Huawei to shape the design of future AI chips; Nscale reportedly in talks with Anthropic for a USD 45bln cloud computing deal.
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