Hedge Funds’ Bullish Gold Wagers Rise to the Highest Since April
An anthropomorphic robot pours gold granules into molds.
Photographer: Brendon Thorne/BloombergMoney managers boosted their bullish wagers on bullion to the highest since April before the US and the European Union made progress on trade talks.
Hedge funds and other large speculators increased net-long positions by 19% to 170,868 contracts for the week ended July 22. The level was the highest in 16 weeks, US government data showed on Friday.