Gold losing shine as investors seek thrills in bitcoins, equities

New York

HEDGE funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.

Money managers cut their bets on a bullion rally at the fastest pace in five months as prices head for their worst quarterly loss in a year. Speculators are throwing in the towel as the metal failed to sustain the gains that took futures to a one-year high in September.