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Gold bulls bet on uncertainty over US stimulus

IMG Auteur

USA Gold

Published : March 01st, 2017

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FOLLOW : Bulls Commodity Data Economic Exchange Traded Fund Funds Futures Georgia Gold Investors Trading Trading Commission Trump White House

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Category : Coins dealers headline


	FT/Henry Sanderson/02-27-17 While equity investors want Mr Trump to use his address to Congress on Tuesday night to supply greater details on his economic stimulus plans, gold bulls will be betting that the uncertainty over exactly what the White House will deliver is going to persist. Hedge funds, for example, early last week lifted their net long position in gold futures by just over a fifth to the highest level since November, according to data from the Commodity and Futures Trading Commission. At the same time, the largest gold-backed exchange-traded fund had $1.5bn of inflows so far this month.

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