Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Gold Buyers Flee A Month After Their Most Bullish Bet Of '17
Real Assets

Gold Buyers Flee A Month After Their Most Bullish Bet Of '17

by bloomberg.com posted 1year ago 340 views
A month ago, money managers were the most optimistic on gold this year. Now, they can’t seem to unload bullion fast enough. Hedge funds’ net-long positions, or the difference between bets on a price increase and wagers on a decline, fell last week by more than half, the biggest reduction since 2015. Exchange-traded products backed by precious metals saw cash outflows over the past month, while most other commodity funds took in more investor money. Total assets in SPDR Gold Shares, the world’s top bullion ETF, fell to the lowest since March last week. Even with signs of escalating geopolitical tensions...