Gold Collapses as QE Targeted to Slow Later this Year, End Mid-2014

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Go back to Gold Collapses as QE Targeted to Slow Later this Year, End Mid-2014

Hedge Funds Cut Gold Exposure as Fed Signals Early QE3 Exit (GLD) (IAU)

June 24, 2013 11:13 AM EDT

Gold futures are lower on the session as players in the market are starting to thin out with expectations that the Fed's open market operations will likely taper off earlier than expected, potentially erasing more than half-a-trillion dollars in stimulus.

Bloomberg-compiled data from the U.S. CFTC Monday has hedge fund net-long positions down 29 percent to 38,951 futures and options as of June 18th. Net-short contracts, however, saw a 14... More