Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere
- Traders dump net-bullish bets at fastest pace in five months
- Bullion’s 60-day historical volatility near lowest since 2001
Why Gold Is Losing Some of Its Luster With Investors
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Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.
Money managers cut their bets on a bullion rally at the fastest pace in five months as prices head for their worst quarterly loss in a year. Speculators are throwing in the towel as the metal failed to sustain the gains that took futures to a one-year high in September.