Hedge Funds Flee Gold

Nov 19 2013 | 10:58am ET

Hedge funds scaled back their commodities investments last week, yanking money from gold for the third straight week.

Net-long investments by hedge funds and other investors across 22 commodities fell by about $18 billion over the three weeks ended Nov. 12, according to the Commodity Futures Trading Commission. That's the largest such drop since February and March.

Investors pulled more than $4 billion from gold during the week ended Nov. 12.

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