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Alasdair Macleod states that open interest in both gold and silver has fallen to its lowest level in over a decade. The comment highlights a significant reduction in market participation for these precious metals.
Earlier this year, Alasdair Macleod highlighted declining investor interest in precious metals markets in New York and London, which allowed Chinese banks to increase their gold reserves. Macleod has also warned that market signals in 2026 could be significant, but maintained his view that gold would continue its historic surge. His recent observations point to persistent shifts in market participation for both gold and silver.