Gold fever fading as US$4b erased from funds
Rising dollar and record valuations for global equities diminishing bullion's appeal
Chicago
JUDGING by the barometer of hedge-fund interest, there's less to get excited about in gold these days.
Even as Greece battled with its creditors to avoid default and keep the eurozone intact, speculators retreated from the metal used as a haven from economic and political upheaval. Money managers cut their net-long wagers by the most in 15 weeks, US government data show.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?