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Hedge Fund

Hedge funds lift bullish gold positions to 16-week high

hedgeweek

5 months ago

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Hedge funds increased bullish bets on gold to their highest level in four months last week, as geopolitical and policy uncertainty continued to drive investor demand for hard assets, according to data analysis by Bloomberg news.
Net-long positions held by money managers and other large speculators rose 1.9% to 139,162 contracts in the week ended 20 January, according to data released by US regulators. The positioning marked the strongest level since October.
Investor interest in gold has been su...

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