Hedge Funds Shy Away From Gold, Other Commodities

Jun 24 2013 | 10:55am ET

Hedge funds continued to pull back from gold last week as investors awaited word from the Federal Reserve about its bond-buying program.

Net-long positions fell by 29% in the week ended June 18, according to the Commodity Futures Trading Commission, while short holdings rose 14%, the most in eight weeks.

Fed Chairman Ben Bernanke said last week that the central bank may slow its quantitative easing program if the U.S. economy continues to improve. The Fed made no immediate change to its program.

Hedge funds and other speculators are also becoming less bullish on other commodities, with net-long positions across 18 commodities falling 2.2% on the week. Long bets across 11 agricultural products dropped 7.9%, with short positions against wheat rising and long positions on corn falling.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of