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Hedge funds cut commodity net longs; gold hit

Posted on 19 February 2013

Hedge funds and other big speculators slashed their bullish bets on U.S. commodities, taking aim particularly at gold which had lost some of its lustre this year, trade data released on Friday showed.
Fund managers also exited from corn, coffee and sugar during the week to February 12 as those markets headed south as well, the data from the Commodity Futures Trading Commission suggested. Gold suffered the largest withdrawals of the so-called “managed money” during the week, from a total of 22 commodities tracked by the CFTC…………………………………….Full Article: Source

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