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Gold bulls retreat as prices drop to four-month low: Commodities

Posted on 04 December 2013

Hedge funds grew less bullish on gold for a fourth straight week, the longest stretch since November 2012, as mounting concern that the Federal Reserve will curb monetary stimulus sent prices to a four-month low.
The net-long position in gold fell 28 percent to 31,735 futures and options in the week ended Nov. 26, the lowest since June, U.S. Commodity Futures Trading Commission data show. Short bets rose 20 percent to 74,964, the highest since July. Net-bullish wagers across 18 U.S.-traded commodities gained 11 percent to 563,786 contracts as soybean holdings climbed. Bets on a decline for wheat prices reached a record………………………………………..Full Article: Source


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