FacebookInstagramTwitterContact

 

BORNEO HOUSING AGENCY: Terrace House in Bengkurong (B$190K, Property Chinese Owned) • Industrial Warehouse in Menglait, Gadong for Rent • Shop house in Gadong (Ground Floor) for Rent • Industrial Shops in Bunut for Sale • Land in Jerudong for Sale • Shop house in Kiulap for Sale (44 years lease, approx 5,000.00 per month rental) • Chempaka Terrace House for Rent (3 bedrooms, B$700.00 per month) • Shop house in Kiarong for Sale (B$380.00) • TEL: +6738732975, +6738839007           >>           Fully furnished office space for rent at Regus Brunei. Call +673-886-2879 or go to www.regus.com.bn           >>           Private Company Urgently Need Houses & Flats for Rent in Bandar Seri Begawan, Kindly Contact the ff. nos. for further information: 242-7623/+673 883-9007           >>           HAPPY EID MUBARAK "Wishing you prosperity and peace on this holy occasion of EID MUBARAK"           >>           Man United Edge Past Real Madrid On Penalties In UEFA Super Cup Tune-Up           >>           Malaysia Qualify For AFC U23 Championship After Beating Mongolia           >>           Kompany Gamble Poised To Pay Off For Guardiola And Manchester City           >>           NASA Backs Deep Space Habitat Made With Old ISS Cargo Module           >>           Your Telegram Chats Now Include Disappearing Photos           >>           Barcelona's Gerard Pique Posts Neymar Photo With 'He Stays' Message           >>           Strava's New Premium Perks Will Insure Your Phone While You Ride           >>           Philippe Coutinho's Fate Once Again Depends On What Neymar Does           >>           Wells Fargo Accidentally Leaks 50,000 Clients' Records           >>           Girl, 5, Sent Dozens Of ‘Job Offers’ After Being Fined For Lemonade Stall           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


Program Peningkatan Personel Kementerian Kebudayaan, Belia dan Sukan dan Jabatan-Jabatan Di Bawahnya
July 24th, 2017 | 08:00 AM


Majlis Pelancaran Filem Komedi Brunei ‘Rina 2’
July 25th, 2017 | 19:45 PM


Majlis Perasmian ‘Fruits of BIMP-EAGA: Culture & Food in Tourism Expo 2017
July 27th, 2017 | 10:15 AM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:43AM

Subuh

: 04:53AM

Syuruk

: 06:16AM

Doha

: 0640:AM

Zohor

: 12:28PM

Asar

: 03:51PM

Maghrib

: 06:37PM

Isyak

: 07:51PM

 



The Business Directory


 

 



World Business


  Home > World Business


Hedge Funds Are Losing Faith in Precious Metals


Photographer: Simon Dawson/Bloomberg

 


 July 17th, 2017  |  09:33 AM  |   582 views

BLOOMBERG.COM

 

Gold is out of favor with money managers and it’s not the only precious metal facing investor exodus.

 

Hedge funds and other large speculators are hitting the exit as they brace for monetary tightening in the U.S. and Western Europe. Money managers are not waiting around for signs that the Federal Reserve may change its rate trajectory, as they turn bearish on precious metals. These charts show the trend in sentiment.

 

In the week ended July 11, the net-long position in gold fell to the lowest in 17 months, before the metal posted its first weekly gain in six weeks. The changes came just before government data showed consumer prices were little changed, fueling speculation the Fed may take longer to meet its goal, especially after Chair Janet Yellen said earlier in the week she sees uncertainty over inflation.

 

Silver is also losing its luster in the eyes of hedge funds. The position in gold’s cheaper cousin swung to a net-short from a net-long and is the most bearish since August 2015. Investors concerned by the prospect of higher interest rates exited in droves -- just as the metal capped its biggest weekly advance in six months on dovish U.S. economic data.

 

Money managers pushed their net-short position in platinum -- used to curb vehicle emissions -- to a record before data showed European car sales slowed in June as Brexit-related concerns weighed on a peaking vehicle market.

 


 

Source:
courtesy of BLOOMBERG

by Luzi-Ann Javier

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Eco World Foundation Helps 6,000 Students

 2017-07-24 08:37:31

South China Sea: Vietnam Halts Drilling After 'China Threats'

 2017-07-24 08:49:58

China Nasdaq About To Be Cheaper Than Nasdaq For First Time

 2017-07-24 09:38:00