Metal Bulls Savor Longest Rally in 10 Months on Feeble Dollar
- Funds boost combined net-long bets in gold, copper, silver
- Mining shares added almost $38 billion in value last week
Investors Are Jumping Back Into Metals, Here's Why
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Investors are jumping back into metals they were dumping as recently as a month ago.
A global slowdown has increased speculation that U.S. growth will cool enough to force Federal Reserve policy makers to wait longer before raising interest rates again. The prospect of delays sent the dollar lower and gave metals a boost as alternative investments. Speculators increased their bets on price gains for gold and silver and got less bearish on copper.