Gold Slump Not Over as Speculators Go Net-Short for First Time
(Bloomberg) -- Nader Naeimi, head of dynamic asset allocation at AMP Capital Investors Ltd., talks about commodity markets, Chinese stocks and his investment strategy. He speaks from Sydney with Yvonne Man on Bloomberg Television's "First Up." (Source: Bloomberg)
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The slump in gold that took prices to a five-year low may have further to run after hedge funds swung into a net-short position for the first time.
The shift in New York futures and options came as speculators increased their bearish wagers to the highest since the U.S. government data begins in 2006. Long holdings declined for a fourth week.