Billionaires Soros, Bacon Cut Gold Holdings as Price Slumps

Billionaires Soros, Bacon Cut Gold Holdings as Price Slumps

SeongJoon Cho/Bloomberg

The fourth-quarter decisions by Soros and Bacon may bolster speculation that gold’s 12-year bull-run is coming to an end as economic data from the U.S. to China show signs of recovery, curbing haven demand.