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Hedge Funds Pile Into Gold At Fastest Pace Since 2007
from ZeroHedge:
Hedge funds are jumping back into gold.
Money managers boosted their long positions in U.S. futures by the most in almost a decade in the week ended May 23, Commodity Futures Trading Commission data show.
As Bloomberg notes, bullion futures have posted three straight weekly gains, helped by U.S. and European political angst that has boosted demand for the metal as a haven.
