As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 14 hours ago
Jan 28 2013 | 1:05pm ET
Hedge funds and other speculators are bullish on commodities as prices keep rising and as the Standard & Poor's 500 Index topped the 1,500 level for the first time since the financial crisis.
Such investors boosted their positions in 18 U.S. futures and options by 11% in the week ended Jan. 22. It is the largest increase in net-long bets in six months, the Commodity Futures Trading Commission said, and comes at the end of seven straight weeks of gains for U.S. commodity prices.
Net-long positions in cotton hit a nearly two-year high that week and those on crude oil reached a four-month high. Bullish bets on soybeans jumped by more than they had in the previous 10 months, and those on gold by the most since Nov. 27.