Bearish Bets on Gold Reach Record
May 20 (Bloomberg) -- Gold extended its longest slump in four years as hedge-fund managers made the biggest ever bet against the precious metal and investor assets declined. David Ingles reports on Bloomberg Television's "First Up." (Source: Bloomberg)
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How Much Gold Would Buy You a Home in Toronto?
38:36 - Douglas Porter, chief economist at the Bank of Montreal, mined data showing that when expressed in terms of gold, house prices in Canada’s red-hot real estate market are far from record highs. An average home in Toronto today costs just over 540 ounces of gold, well below the record 655 ounces in 2005, Porter found. Bloomberg's Jeanette Rodrigues reports. (Source: Bloomberg)