Gold Gets Ignored in Greek Meltdown With Fewest Bulls Since 2006
This article is for subscribers only.
Gold’s fallen so far out of favor that even as Greece lurches closer to a possible exit from the euro, investors are shunning the metal known for being a haven.
More than $1.1 billion has been wiped from the value of exchange-traded products backed by the metal in the past month, data compiled by Bloomberg show. Money managers are holding the smallest net-bullish wager since 2006, U.S. government figures show.