12.01.2016 - Hedge funds have never been this bearish on commodities
Gold is the big exception with managed money futures investors slashing bearish bets on the gold price by 44% After a nice run at the beginning of the new trading year, on Monday on the Comex market in New York, gold futures with February delivery retreated as worries about the global economy and geopolitics overwhelmed financial and commodity markets. In afternoon trade gold was exchanging hands for $1,095.50 an ounce, down $2.30 compared to Friday's close. Last week the metal reached a two-month high on the back of safe-haven buying, but with a fresh plunge in oil and copper prices and continuing weakness on global stock markets, bulls were in retreat everywhere...............................................Full Article: Source
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