Billionaires Soros, Bacon Cut Gold Holdings as Prices Slump

Billionaires Soros, Bacon Cut Gold Holdings as Prices Slump

Susana Gonzalez/Bloomberg

A one kilo blank gold coin is polished at the Mexican Mint in San Luis Potosi, Mexico. Hedge funds have cut their bets on a gold rally by 56 percent since reaching a 13-month high in October as manufacturing rebounded from the U.S. to China.