{"id":36485,"date":"2013-07-01T11:01:34","date_gmt":"2013-07-01T15:01:34","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36485"},"modified":"2013-07-01T11:01:34","modified_gmt":"2013-07-01T15:01:34","slug":"hedge-funds-cut-gold-bets-as-goldman-lowers-outlook-commodities","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/hedge-funds-cut-gold-bets-as-goldman-lowers-outlook-commodities.html","title":{"rendered":"Hedge Funds Cut Gold Bets as Goldman Lowers Outlook: Commodities"},"content":{"rendered":"<p>Bloomberg &#8211; Hedge funds cut wagers on a gold rally to a five-year low as a record quarterly drop drove prices below $1,200 an ounce for the first time since 2010 and Goldman Sachs Group Inc. forecast more declines.<\/p>\n<p>Money managers reduced their net-long\u00a0position\u00a0by 20 percent to 31,197 futures and options by June 25, U.S. Commodity Futures Trading Commission data show. That\u2019s the lowest since June 2007. Holdings of short contracts climbed 5 percent to 77,027, the second-highest on record. Net-bullish\u00a0wagers\u00a0across 18 commodities tumbled 9 percent, the most in 12 weeks.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-06-30\/hedge-funds-cut-gold-bets-as-goldman-lowers-outlook-commodities.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Hedge funds cut wagers on a gold rally to a five-year low as a record quarterly drop drove prices below $1,200 an ounce for the first time since 2010 and Goldman Sachs Group Inc. forecast more declines. Money [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36485","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36485","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36485"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36485\/revisions"}],"predecessor-version":[{"id":36486,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36485\/revisions\/36486"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}