08.11.2016 - Hedge funds hiding out in ‘gold’ as US poll fears grip market
To understand how fearful investors are of all the wild cards in Tuesday’s US presidential election, just take a look at the gold market. Hedge funds are piling into the perceived safety of bullion, increasing their wagers that the metal will rally for a second straight week, US government data showed on Friday. That marked the first consecutive gain since July as money managers pushed their holdings to a one-month high. Anxiety has gripped the financial markets with opinion polls signalling a tightening race between Democrat Hillary Clinton and Republican Donald Trump, who showed signs of strength with early votes cast in Iowa and Ohio.............................................Full Article: Source
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