COMEX gold is steadying near record high levels on Tuesday morning in Asia. The counter is currently quoting at $2960.10 an ounce, down marginally on the day, reflecting mild gains in dollar index. Meanwhile, precious metals speculators continued to cut their net long positions in the Gold futures, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Gold futures, traded by large speculators, hedge funds and retailers, totaled a net position of 268674 contracts in the data reported through February 18, 2025, falling by 15830 contracts from the previous week. The net longs have dropped to two month low now.