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Speculators pared bets on rising gold prices for a seventh consecutive week, the longest retreat since 2010, as futures erased this year's gains.The net-long position in gold declined 15 percent to 37,743 futures and options in the week ended Sept. 30, U.S. Commodity Futures Trading Commission data show.Short positions increased 4.5 percent to an all-time high of 81,262 contracts.Investors sold 9.01 metric tons of metal held through ETPs last week, dragging holdings to a five-year low of 1,679.46 tons.Lower prices may help to spur physical demand for the metal.Prices fell 8.4 percent in three months ended Sept. 30, the first quarterly loss this year.Net-wagers across 18 U.S. traded commodities rose 0.5 percent to 452,794 contracts as of Sept. 30, the first gains since June, CFTC data show. Bets on higher oil prices rose 4.1 percent to 201,863 contracts.
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