Oct. 5 (Bloomberg) — Gold prices, little changed in Asian trading, may decline this week as hedge funds sell their holdings.
Hedge-fund managers and other large speculators have more than doubled their so-called net-long positions, or bets prices will rise, on the Comex division of the New York Mercantile Exchange in the past eight weeks to their highest level since at least 1983. That signals gold may fall this week, said trader Gordon Cheung.
