Gold futures settled at a record high above $2,400 an ounce this week.
The precious metal is coming off its third straight week of gains.
Gold is often used as an inflation hedge because of its limited supply.
@GC.1 YTD mountain Gold Professional speculators' net-long positions in gold futures and options hovered near the highest level since 2020 as of April 9, according to the Commodity Futures Trading Commission's latest data.
The hedge fund star revealed that not only did he own the popular SPDR Gold Trust fund (GLD), but he also bought physical bars.
Persons:
James Steel, David Neuhauser, Neuhauser, Greenlight Capital's David Einhorn, Einhorn
Organizations:
Citi, Investors, HSBC Securities, Gold, Commodity, Livermore Partners, CNBC, Trust, Deutsche Bank
Locations:
Northbrook , Illinois