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Funds Cut Bullish Gold Wagers Most This Year: Commodities

Posted on 02 June 2014

Hedge funds pared bets on a gold rally at the fastest pace this year after prices capped the biggest monthly decline since December.
Money managers trimmed their net-long position by 24 percent as a rally in U.S. equities to a record eroded the appeal of alternative assets. Short holdings are now the highest in 15 weeks and assets in exchange-traded products backed by metal the lowest since 2009…………………………………….Full Article: Source


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