Hedge funds slash bullish wagers on gold before war jitters
Speculators have reduced net-long positions by 3.6%.
US President Joe Biden on Tuesday plans to name a new federal monument covering nearly 1 million acres (405,000 hectares) near the iconic Grand Canyon in Arizona, a move that will likely restrict new mining activity in the uranium-rich area.
Biden’s climate adviser, Ali Zaidi, made the announcement during a briefing for reporters traveling aboard Air Force One.
(By Nandita Bose and Trevor Hunnicutt; Editing by Sonali Paul)
Comments