Gold and silver fell for a second day, with investors positioning for an annual rebalancing of commodity indexes that will see futures contracts worth billions of dollars sold in the next few days. Spot gold slipped below $4,450 an ounce, after losing nearly 1 per cent in the previous session. Citigroup Inc estimated that about $6.8 billion in silver futures could be sold to meet the rebalancing requirements, equivalent to about 12 per cent of open interest on Comex. Outflows from gold futures will total roughly the same amount, according to Citi, basing its estimate on funds tracking the Bloomberg Commodity Index and the S&P Goldman Sachs Commodity Index. The rebalancing is needed because of the sharp rise in the weighting of precious metals in commodity benchmarks.

Source: The Telegraph January 08, 2026 23:41 UTC