Hedge Fund News From HedgeCo.Net

Hedge funds raise odds on gold rally in weeks

BusinessDay – Hedge funds have raised bets on a gold rally within three weeks as central banks signal no end to economic stimulus, driving prices higher just as analysts and traders have turned the most bearish in three years.

The funds and other large speculators raised their net-long position by 19% to 54,762 futures and options from April 30, data from the US Commodity Futures Trading Commission shows.

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