Gold rush stalls as $4bn erased from funds
Judging by the barometer of hedge fund interest, there is less to get excited about in gold these days. |||
Megan Durisin ChicagoJUDGING by the barometer of hedge fund interest, there is less to get excited about in gold these days. Even as Greece battled with its creditors to avoid default and keep the euro zone intact, speculators retreated from the precious metal used as a haven from economic and political upheaval. Money managers cut their net-long wagers by the most in 15 weeks, US government data show. The strengthening dollar and record valuations for global …read more
Source: Independent Online
