Gold Bulls Retrench as Price Drops Most in 32 Years
By Debarati Roy
2013-12-31
Hedge funds got less bullish on gold for the seventh time in eight weeks as the U.S. economy strengthens and inflation fails to accelerate, driving prices to
the biggest annual drop in more than three decades.
Investors pulled $38.6 billion from gold funds this year, the most in data going back through 2000, according to EPFR Global, a research company.
Gold Bulls Retrench as Price Drops Most in 32 Years: Commodities - Bloomberg