NEW YORK: Commodities had a resurgence in 2016, with the first annual advance since 2010. The gains will continue this year for many of the markets, at least that’s what hedge funds are signalling.
Money managers boosted their combined net-long position, or bets on prices gains, across 18 commodities by 9.7% in December, government data show. A year earlier, the funds were net-short, or wagering on declines.
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