Commodity investments fell $27 billion in April, the most in 11 months, on record sales of gold exchange-traded products, Barclays Plc said.
Speculators cut bullish and bearish bets on gold simultaneously for the first time in two months as prices advanced to the highest since mid-June on signs of strengthening physical demand.
Gold rose for a fourth day in London, buoyed by the International Monetary Fund announcing that it completed a planned sale of some of its bullion reserves. Silver, platinum and palladium also advanced.
Commodity assets under management fell to a 32-month low in June as investors pulled more money from gold-backed exchange-traded products, Barclays Plc said.
Gold rose in New York as this month’s price drop stoked demand from individual investors for bars and U.S. Mint coins.
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