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Hedge Funds Are Hiding Out In Gold

by bloomberg.com posted 1year ago 3377 views
To understand how fearful investors are of all the wild cards in Tuesday’s U.S. presidential election, just take a look at the gold market. Hedge funds are piling into the perceived safety of bullion, increasing their wagers that the metal will rally for a second straight week, U.S. government data showed Friday. That marked the first consecutive gain since July as money managers pushed their holdings to a one-month high. Anxiety has gripped...

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