Global Chaos Makes Gold a Holiday Winner for Hedge Funds

(Bloomberg) Forget frankincense or myrrh — chaos in global markets makes gold the holiday asset hedge funds are getting behind. Money managers are the most bullish they’ve been on bullion in half a year amid a multitude of threats that could slow economic growth and deepen the plunge for equities. As financial anxieties heighten, investors have poured about $1.25 billion into exchange-traded funds backing precious metals over the past month, the biggest inflows among commodity ETFs.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply