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Hedge funds resume bullish gold bets on Greek turmoil

As a traditional haven in times of turmoil, gold got a boost from concern that Greece may leave the euro area, which sent the European currency to its lowest against the dollar since 2006.


HEDGE funds are stepping back onto the gold bandwagon as political turmoil in Greece and government actions in Asia helped send prices to their biggest monthly advance since June.

Bullish wagers on the metal increased for the first time in three weeks and have more than