Hedge funds seeing gold as a safe haven again

From kitco.com

Rising geopolitical fear is once again making gold an attractive safe-haven asset among hedge funds, according to the latest data from the Commodity Futures Trading Commission. According to commodity analysts at Societe Generale, the latest report from the CFTC showed that money managers bought $7.1 billion in gold last week, the fourth-biggest week of bullish flows since the CFTC started its new report in 2006. The French bank said that rising inflation fears and the geopolitical uncertainty in Eastern Europe fueled the latest gold-buying spree. The CFTC disaggregated Commitments of Traders report for the week ... (full story)