Bridgewater’s China business told investors it had gradually reduced an overweight gold position, according to a September letter described by Jin10 and cited by BlockBeats on Oct. 23.
Higher rates and oil prices shaped the view
The business said rising interest rates increased the opportunity cost of holding gold, while higher oil prices weighed on demand in energy-importing countries such as India. The report gave no position size or exact allocation change.
Source: BlockBeats, 2026-10-23 07:23:01 UTC.