Hedge Funds Boost Bearish Gold Bets to Record as Rate Rise Nears

  • ETP holdings shrink to smallest since 2009 as prices slump
  • Gold futures trade near lowest since 2010 on Comex in New York

Gold Hovers at Lowest Level Since 2010

Fund managers aren’t waiting to see whether U.S. interest rates rise this month. They’ve already turned the most bearish ever on gold.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.