Funds Dump Gold at Fastest Pace Since May as Fed Outlook Shifts - Bloomberg Hype
By GCRU Gold News on Monday, September 19 2016, 01:19 - Permalink
With the Fed’s next policy meeting looming this week, hedge funds are exiting from gold. Speculators cut their bets on a bullion rally by the most in more than three months. Holdings in global exchange-traded funds backed by the metal are down from a three-year high in August and heading for the biggest monthly decline this year. Aggregate open interest in New York futures is mired in the longest slump since May.