(Bloomberg) Investors judging the world economic outlook as a bit more stable are taking some of the shine off gold.
Gold’s Ups and Downs Hedge funds and other speculators cut their wagers on a rally for the metal for the first time in six weeks, scaling back from an all-time high position in the prior week. Holdings in exchange-traded funds backed by bullion posted the first weekly loss since the end of May as prices in New York did the same.
Hedge Funds Finally Say No to Gold as U.S. Shares Smoke Records
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