Hedge Funds Boost Bullish Bets on Gold

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Aug. 26 (Bloomberg) -- Hedge funds and other speculators raised bets on higher gold prices to the most in six months as signs of slowing U.S. growth drove bullion above $1,400 an ounce for the first time since June. Bloomberg’s Su Keenan reports. (Source: Bloomberg)

And hedge fund managers and others are taking a pretty bullish position on the metals.

Su keenan joins me.

What kind of numbers are we talking about?

Let's just talk about gold, hitting 1400 earlier today.

That is part of the story.

Gold has climbed back 18% from its low point in june.

That has hedge funds bullish right now.

Majeure funds, even john paulson began dumping.

Others exited completely . paulson cut his stake by 53%. it is hard to know whether they are inching their way back in with the rest of the crowd.

Correct any clarity for outlooks it?

-- eni declared before the outlook?

Last week's statement was that we would see rally by year's end.

The investment -- investors are movelosing faith in the metal as a storage of value.

The the there's plenty of different opinion out there.

Jpmorgan chase says prices will rise through year end.

And bank of america says an

This text has been automatically generated. It may not be 100% accurate.


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