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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: bull_dozer who wrote (206916)	7/20/2024 10:17:49 PM
From: TobagoJack	1 Recommendation Recommended By Arran Yuan Read Replies (1) of 217572

re <<gold>> bloomberg.com Hedge Funds’ Bullish Bets on Gold Jump to Four-Year High Bullion hit an all-time high of $2,483.73 an ounce on Wednesday. Photographer: David Gray/Bloomberg By Yvonne Yue Li 20 July 2024 at 04:53 GMT+8 Money managers’ wagers in gold jumped to the highest level in four years, signaling investor concerns surrounding the US presidential election campaign as well as renewed focus on the timing of Federal Reserve interest-rate cuts. Hedge funds and other large speculators boosted their net-long position in gold, often used as a hedge against rising political and economic uncertainty, to the highest in more than four years as of July 16, weekly US government data published Friday showed. Bullion hit an all-time high of $2,483.73 an ounce on Wednesday. The surge to a new record came as traders ramped up bets on earlier, deeper monetary easing from the US central bank and sought haven in the precious metal amid growing geopolitical risks.

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