{"id":5443,"date":"2006-12-21T00:00:00","date_gmt":"2006-12-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-ignite-uranium-price","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/12\/2006\/hedge-funds-ignite-uranium-price.html","title":{"rendered":"Hedge funds ignite uranium price"},"content":{"rendered":"<p>Globe and Mail &#8211; The price of uranium surged to a record high this week, capping an extraordinary run for the radioactive metal, which has doubled in value over the past year on interest from hedgefunds, financial firms and speculative buyers.<\/p>\n<p>  The spot price for the material used to fuel nuclear reactors jumped 9.9 per cent from $65.50 (U.S.) a pound to $72, the biggest weekly gain yet, according to Ux Consulting Co. of Roswell, Ga.,  which publishes a uranium spot price each week.<\/p>\n<p>  &#8220;One of the things you have now is that the hedge funds are involved in the market, so you have some additional demand,&#8221; Ux Consulting president Jeff Combs said in an interview.<\/p>\n<p>  Hedge funds and financial investors now account for roughly a third of the uranium spot market purchases, according to Mr. Combs and other industry experts.<\/p>\n<p><a href=\"http:\/\/www.theglobeandmail.com\/servlet\/story\/LAC.20061220.RURANIUM20\/TPStory\/\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globe and Mail &#8211; The price of uranium surged to a record high this week, capping an extraordinary run for the radioactive metal, which has doubled in value over the past year on interest from hedgefunds, financial firms and speculative [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5443","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5443"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5443\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}