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.
After launching its eBay bullion center in May, the online retailer published a handy infographic this summer to look at buying trends.
Looking at absolute number of items sold, California leads the way, probably due to the size of the state, but on a per capita basis, Alaska comes first.
The study also found that silver items were the most popular, followed by gold. Platinum was a distant third.
The bullion center was profiled by CommodityOnline, which found that gold prices were a bit lower on eBay than on Kitco or on BullionVault, the other two online bullion sellers.
According to eBay spokesperson Todd Witkemper, economic volatility has been good for the new service.
“In line with recent economic activity, the Bullion Center has seen significant increases in activity as well,” Witkemper told CommodityOnline.
