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.
Spot gold is trading at $1,660.20/oz. The metal traded at multi-month lows last week dropping to $1,638.70/oz. In the last month gold has slid 4.66%.
Spot silver is at $30.02/oz. Last week silver got as low as $29.66/oz.
Platinum has also recovered and is trading at $1,534/oz.
