Gold slump not over as hedge funds go net-short for first time
Speculators have raised their bearish wagers to the highest since US govt data began in 2006
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New York
THE slump in gold that took prices to a five-year low may have further to run after hedge funds swung into a net-short position for the first time.
The shift in New York futures and options came as speculators increased their bearish wagers to the highest since the US government data began in 2006. Long holdings declined for a fourth week.
