Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
Gold used to be the main exchange currency in Europe, but soon after World War I governments ditched it. Now, amid unstable financial times and economic woes, gold is once again a safe haven for investors, as Russia Today’s Peter Oliver explains in the video below.
