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.
Platinum’s poor performance relative to gold of late may be due to its lack of status as a safe-haven investment and a credible means of sequestering value.
According to a considered and informative piece by Adrian Ash on Mineweb, platinum enjoys little in the way of store-of-value demand compared to gold due to its relatively brief history as much-coveted precious metal.
This lack of popularity as a safe-haven investment has left platinum lagging behind gold amidst the world’s recent economic woes, when it has historically traded at a steep premium of around 46% to its more meretricious peer.
