Skip to content
Subscriber Only

Gold Lovers Bet Party Isn't Over After 17% First-Quarter Surge

  • Money managers increase net-long holdings by 2.1%, CFTC says
  • Bullion futures post biggest quarterly gain since 1986
Bloomberg business news

Will Federal Reserve, Oil Dampen Gold Market Gains?

Updated on

Even after a lackluster March, money managers are betting the best-performing commodity last quarter still has further to run.

While gold futures have dipped from a 13-month high, hedge funds are the most bullish since January 2015. The precious metal posted its biggest quarterly advance in three decades as turbulent financial markets and ebbing global economic growth boosted demand for it as a haven.