Nov
06
Hedge Funds Are Hiding Out in Gold
By-
Speculators boost net-long position to one-month high
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Holdings in bullion ETFs climb, gold-coin sales increase
To understand how fearful investors are of all the wild cards in Tuesday’s U.S. 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, U.S. government data showed Friday. That marked the first consecutive gain since July as money managers pushed their holdings to a one-month high…
Hedge Funds Are Hiding Out in Gold
