LONDON, 7 January 2013 - Depending on whether you're looking to sell or buy gold, you should either "blame or thank Western hedge funds," leading US finance site MarketWatch today quotes Adrian Ash, head of research at BullionVault in London.
"It's not quite consensus yet, but the bear tack on gold prices is fast-gaining popularity amongst leveraged traders," Adrian goes on
As a group, leveraged traders have "doubled their bearish bets in the last three months, and cut their bullish bets by almost one quarter," Adrian explains, citing data from US regulator the Commodity Futures Trading Commission.
You can read the full story at MarketWatch here:
Gold futures rebound after sharp sell-off
Gold bullion - Buy online at live gold prices.
Source:
MarketWatch
