| According to Bloomberg, hedge funds decreased bets on higher commodity prices for the first time in seven weeks. This comes shortly after China cut its official economic growth forecast to 7.5 percent this year, the lowest since 2004. While money managers slashed bets on copper by the most in two months, demand for precious metals remains strong.
Data from EPFR Global, which provides fund flows and asset allocation data to financial institutions around the world, shows that investors placed more than $200 million into commodities in the week ending March 7...............................................Full Article: Source
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