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Hedge fund commods bets up in banner week for gas, gold

Reuters – The net long money held by hedge funds and other big speculators in U.S. commodity markets rose in the week to Tuesday after strong buying in gold and natural gas, trade data showed on Friday.

The rise – calculated from data issued by the Commodity Futures Trading Commission (CFTC) – confounded some analysts who expected a decline in the bullish money held by the so-called “money managers” in commodities after a selloff in other key markets like crude oil, soybeans and corn.

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