Funds Are Betting the Gravity-Defying Gold Rally Isn't Over Yet
- Wagers on rally climb to highest since 2012, CFTC data show
- `There's a lot of fundamental uncertainty out there'
Why Investors Should Bet on Gold
This article is for subscribers only.
When it comes to gold, hedge funds are betting that what goes up will continue to go up.
Even after bullion’s best start to a year since at least 1975, investors are positioning themselves for more gains. Money managers increased their wagers on a price rally to the highest since 2012, taking their optimism to a level last seen before a three-year bear market started.