Wednesday, 30 July 2014
Last updated 12 hours ago
Sep 9 2013 | 9:59am ET
Hedge funds are pouring money into gold futures as a safe haven in advance of possible U.S. airstrikes on Syria.
Net-long positions in the precious metal rose 3.6% as short bets dropped 8.6% in the week ended Sept. 3, the Commodity Futures Trading Commission said. The net-long position is the highest its been since January, prior to a huge drop in gold prices.
"Whenever you have a period of unrest, war or investor fear, people go to gold," Dan Denbow, manager of the USAA Precious Metals & Minerals Fund, told Bloomberg News.
On the whole, investors moved away from commodities, with net-long positions in a basket of 18 U.S.-traded contracts dropping 0.3%. Much of that decline is due to investors fleeing copper; bullish bets on that metal fell 37% on the week. Net-long positions across 11 agricultural contracts dropped 1.3%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…