Gold Price Forecast: Record Fund Influx Signals Major Breakout Potential
TL;DR
Hedge funds and money managers have increased their bullish bets on gold to the highest level in four years as the price of the precious metal continues to reach record highs. Their net-long positions in US bullion futures and options surged 13% in the week ended April 2, marking the highest level since 2020, according to Commodity Futures Trading Commission data.
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