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.
Anglo American, one of the world’s largest miners, today reported strong first half growth with operating profit ahead 40% to $6bn.
Chief Executive Cynthia Carroll said that investments made during the downturn would stand them in good stead in the near-term future.
“We believe that the fundamentals for the mining industry are very, very strong, and therefore the longer-term outlook is extremely positive.”
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