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Hedge funds in net-short position on gold for first time

Monday, July 27, 2015 - 05:50

New York

HEDGE funds are holding the first ever bet on a decline in gold prices since the US government started collecting the data in 2006.

The funds and other speculators shifted to a net-short position of 11,345 contracts in New York futures and options in the week ended July 21

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