Hedge Funds Reduce Bullish Copper Bets by Most Since August

Bloomberg – Hedge funds reduced their bullish bets on copper futures by the most in five months on concern that China, the world’s largest buyer, may take more steps to restrain its economy.

Hedge funds and money managers cut net-long positions, or wagers on rising prices, by 22 percent to 28,159 futures and options contracts in the week ended Jan. 25, the biggest drop since late August, U.S. Commodity Futures Trading Commission data showed last week.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply