Economics
Hedge Funds Reduced Bullish Gold Bets Before Rally: Commodities
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Hedge funds cut bullish gold bets, reducing long contracts to the lowest since June, before prices rose the most in a month as the Federal Reserve unexpectedly decided not to taper stimulus.
The net-long position held by speculators fell 17 percent to 70,113 futures and options in the week ended Sept. 17, U.S. Commodity Futures Trading Commission data show. Long wagers fell