Reported about 2 months ago
Hedge funds have raised their bullish positions on gold to the highest level in over four years, driven by expectations of earlier and more significant monetary easing by the Federal Reserve. As of August 20, net-long positions surged by 7.8% to 236,749 contracts, coinciding with gold reaching a record high of $2,531.75 an ounce, reflecting market anticipation of a potential rate cut.
Source: YAHOO