{"id":3512,"date":"2005-10-25T00:00:00","date_gmt":"2005-10-25T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"gold-rises-on-speculation-price-decline-may-draw-interest-from-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2005\/gold-rises-on-speculation-price-decline-may-draw-interest-from-hedge-funds.html","title":{"rendered":"Gold Rises on Speculation Price Decline May Draw Interest From Hedge Funds"},"content":{"rendered":"<p>  Bloomberg: Gold rose on speculation hedge funds may increase their holdings of the precious metal after prices fell 3 percent from a 17-year high.<\/p>\n<p>  Gold for immediate delivery traded at $466.40 an ounce at 11:48 a.m. Sydney time, down from the intraday high of $480.49 on Oct. 12. Hedge fund managers and other large speculators reduced their  net-long position in New York gold futures by 4 percent, in the week ended Oct. 18, the U.S. Commodity Futures Trading Commission said Oct. 21.<\/p>\n<p>  &#8220;We see some buying as the price has fallen $15 from the high,&#8221; Fred Okuda, chief gold trader at Sumitomo Corp., said by phone from Tokyo today. &#8220;The focus is shifting to whether the funds will  start to buy aggressively or not. Yesterday, we saw these bids in New York that signaled some funds were buying.&#8221;<\/p>\n<p><a href=\"http:\/\/c.moreover.com\/click\/here.pl?b411540640&amp;r=MSNnews\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg: Gold rose on speculation hedge funds may increase their holdings of the precious metal after prices fell 3 percent from a 17-year high. Gold for immediate delivery traded at $466.40 an ounce at 11:48 a.m. Sydney time, down from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3512","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3512"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3512\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}