Hedgies Selling Gold

As a group, hedge funds appear to be reducing their positions in gold. Over the past decade, gold has been among the best performing assets, rising about 5 fold during the period.

Gold is often viewed as a 'hedge against inflation.' An alternative view is that gold is a bet on disorder--monetary, social, etc.

From the article, it seems that some hedge fund managers believe that interest rates will be rising worldwide, and that those rising rates will hurt gold prices.

position in gold