13.10.2014 - Hedge Funds Miss Out on Gold Gains as Bull Holdings Drop
Hedge funds reduced bullish gold wagers just before prices rallied the most since June on concern that global economic growth is weakening.The net-long position in New York futures and options contracted for an eighth week, U.S. government data show. The International Monetary Fund cut its 2015 world growth forecast on Oct. 7. Minutes of the Federal Reserve’s last meeting showed policy makers saw slowing foreign expansion as a risk to the U.S., fueling bets that record-low borrowing costs will persist...............................................Full Article: Source
Print