Gold flashes brightly for US hedge funds


Date: Friday, July 31, 2009
Author: Barney Hatt, Investment Week

US hedge fund managers are buying gold anticipating that prices will be boosted by the effects of European governments' quantitative easing (QE) programmes.

 
Twenty out of 22 hedge fund managers interviewed by US firm Moonraker Fund Management say they are buying physical gold out of fear the QE programmes would fail and cause steep price rises.