U.S. dollar strength prompts hedge funds to drop bullish gold bets

(Kitco News) – The U.S. dollar appears to be losing the race to the bottom in currency markets, which prompted some hedge fund managers to reduce their bullish exposure in gold, triggering a strong selloff in the yellow metal, according to some analyst.

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(Kitco News) – The U.S. dollar appears to be losing the race to the bottom in currency markets, which prompted some hedge fund managers to reduce their bullish exposure in gold, triggering a strong selloff in the yellow metal, according to some analyst.

Bookmark and Share