Gold Speculators Least Bullish on Record as Rate Rise Approaches

Janet Yellen’s optimism about the U.S. economy is making gold speculators the least bullish on record.

Money managers are holding the smallest net-bullish bet on gold since the U.S. government data begins in 2006. They’re also dumping silver, platinum and palladium, and combined net-long wagers across the metals are the lowest ever. About $2.7 billion was erased from the value of exchange-traded products tracking the commodities last week, the most since March.