Gold Fever Fading as $4 Billion Erased From Funds: Commodities
This article is for subscribers only.
Judging by the barometer of hedge-fund interest, there’s less to get excited about in gold these days.
Even as Greece battled with its creditors to avoid default and keep the euro zone intact, speculators retreated from the metal used as a haven from economic and political upheaval. Money managers cut their net-long wagers by the most in 15 weeks, U.S. government data show.