Hedge Funds Boost Gold Bets

Aug 26 2013 | 10:23am ET

Hedge funds took a bullish turn on gold last week, raising their long bets on the precious metal by the most in six months.

Net-long positions increased by 29% in the week ended Aug. 20, the Commodity Futures Trading Commission said. At the same time, short bets fell to their lowest level since February.

All told, net-long bets across 18 commodities increased 34%, the largest jump in more than three years. Bullish bets on copper more than doubled, as did those on a basket of 11 agricultural products. Net-long holdings of crude oil contracts, however, fell for the fourth week in a row.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of