With Gold Prices Stuck in 'Purgatory,' Hedge Funds Hit the Exits – Bloomberg

With Gold Prices Stuck in ‘Purgatory,’ Hedge Funds Hit the Exits
Bloomberg
Prices have fallen for six straight weeks, the worst streak in a year, as prospects for higher U.S. borrowing costs damped demand for gold, a non-interest-bearing asset. Investors don’t seem too optimistic about the outlook for 2017. Hedge funds cut …