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Hedge Funds Kept Betting Against Gold Even As Prices Began Rally

by gulfnews.com posted 12months ago 55 views
Yellow metal has tumbled about 11% from this year’s high. : New York: Hedge funds’ record net-bearish bets on gold signal how quickly investor appetite for the precious metal could turn.On Friday, bullion futures climbed the most in five months after Federal Reserve Chair Jerome Powell signalled policy makers are sticking to gradual interest rate increases.

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