Precious metal: An employee arranges gold bars at the YLG Bullion International Co headquarters in Bangkok. Gold prices are trending higher as weakness in cryptocurrencies and rising demand for inflation-hedge assets buoy its appeal. ─ Bloomberg
SINGAPORE: Gold steadied near the highest level in more than four months amid signs that investors are turning more bullish on the precious metal.
Hedge fund managers increased their net-long gold positions to the highest in 16 weeks, data showed.
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