Hedge fund bullish gold bets rise to highest level since April
2025-07-25 20:24:01
Fund managers raised bullish bets on gold to their highest level since April this year, ahead of progress on trade talks between the United States and the European Union. Net long positions by hedge funds and other big speculators rose 19 percent to 170,868 contracts in the week to July 22. That was the highest level in 16 weeks, according to data released by the U.S. government on Friday. The trade war launched by the Trump administration has pushed gold prices up 27 percent this year. While the easing of trade tensions will dent haven demand, gold has also been supported by strong central bank buying.
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