Economic Times – Hedge funds trimmed bets on a commodity rally for the first time in nine weeks as signs of US growth and speculation that central banks will do more to stimulate economies drove prices to a three month high.
Money managers lowered their net-long positions across 18 US futures and options by 1.9% to 1.2 million contracts in the week ended August 7, US Commodity Futures Trading Commission data show. The decline ended eight consecutive weeks of gains, the longest streak on record.
