Hedge Funds Cut Gold Bets in Longest Slide of 2014: Commodities
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Hedge funds lowered bullish bets on gold for a fourth week, the longest streak this year.
The net-long position contracted to the lowest since mid-February as speculators sold bullion on signs of accelerating U.S. economic growth. The investors more than doubled bets on lower prices in the past month while reducing wagers on a rally in six of the past seven weeks.