(Bloomberg) Commodity funds are going soft. The investors who helped bid up the price of LME copper to a four-year high of $7,348 a metric ton last month are beating a path to the door. Holdings of investment funds in Chicago copper futures this month crashed to a net short position for the first time since the election of U.S. President Donald Trump in 2016, having hit a record net long of 125,376 contracts as recently as September.
Hedge Funds Are Suffering From Metal Fatigue
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