Joined Nov 11, 2007
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Hedge Funds Cut Allocation to Gold

“Gold dropped for the first time in four days alongside equities and commodities on concern thatChina’s economy is slowing as speculators cut their positions by the most since August 2008.

China’s exports grew at a slower pace than forecast, contributing to the biggest trade deficit in at least 22 years last month, data showed March 10, adding to figures last week on factory output and retail sales that signaled slowing economic growth. That sent equities and commodities lower. Physical gold markets are “still keeping their distance,” according to UBS AG. The U.S. Federal Open Market Committee, which sets U.S. interest-rate policy, meets tomorrow….”

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