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Hedge funds raised bullish gold bets to the highest level in more than 14 months, amid mounting concern that the U.S. economic recovery is slowing.

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Hedge Funds Take Most Bullish View of Gold in 14 Months

Hedge funds raised bullish gold bets to the highest level in more than 14 months, amid mounting concern that the U.S. economic recovery is slowing.

Hedge Funds Take Most Bullish View of Gold in 14 Months (Bloomberg)

Hedge funds raised bullish gold bets to the highest level in more than 14 months, amid mounting concern that the U.S. economic recovery is slowing. The net-long position climbed 25 percent to 113,911 futures and options in the week ended Feb. 25, the highest mark since December 2012, based on U.S. Commodity Futures Trading Commission data. Net-bullish holdings across 18 U.S.-traded commodities advanced 16 percent to 1.45 million contracts, the most since April 2011. Coffee wagers reached a 33-month high. Investors‚?? return to gold after the bear market in 2013 drove prices for the precious metal 6.6 percent higher last month to mark the biggest jump since July. Gold reached a four-month high on Monday.

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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