Hedge funds most bullish on Gold in two years

FXStreet (Mumbai) - The latest data from the US government showed hedge funds are most bullish on Gold in more than two years as the safe haven metal is expected to strengthen amid slowing economies in Asia and Europe.

As per US Commodity Futures Trading Commission (CFTC) data speculators increased their net-long position by 80 percent this year, US government data showed. The net-long position in gold rose 15% to 167,693 futures and options in the week ended Jan. 27. Long holdings are at the highest since 2012.