Wednesday, 6 May 2015
Last updated 21 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…