| Billionaire hedge-fund manager John Paulson retreated from gold for a second straight quarter, even as prices of the metal posted the biggest gain in three decades. At the end of the first quarter, Paulson & Co., owned 4.8 million shares of SPDR Gold Shares, the world’s biggest exchange-traded product backed by bullion, a government filing showed.
That compares with 5.8 million shares in the three months ended December. Gold futures have climbed 20 percent this year, including a 17 percent surge in the first three months that marked the best quarter since 1986...............................................Full Article: Source
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