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.
Goldman Sachs said on Friday it had reached an in-principle settlement to resolve a 2014 class action lawsuit related to trading in platinum and palladium.
The investment bank was among a number of defendants named in the lawsuit, which alleged they had violated antitrust laws by conspiring to manipulate a benchmark for physical platinum and palladium prices.
The agreement is subject to final documentation and court approval, Goldman disclosed, adding that it had set aside reserves for its contribution to the settlement amount.
(By Niket Nishant; Editing by Shounak Dasgupta)
Comments