Hedge Funds Slash Bullish Wagers on Gold Before War Jitters
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Money managers’ bullish wagers on gold fell to the lowest in nearly four months before a flare-up in the Russia-Ukraine war boosted its haven appeal.
Hedge funds and other large speculators reduced net-long positions by 3.6% to 190,324 contracts as of Nov. 19, the lowest in 15 weeks, weekly US government data showed on Friday.