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Hedge funds stepping back from gold

Tuesday, May 31, 2016 - 05:50
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Improving US growth hurts gold, which some investors buy to guard against economic malaise.

New York

HEDGE funds decided to take a breather from gold just before Janet Yellen gave investors more reason to ditch the precious metal.   After a roaring start to the year, the excitement over bullion has dissipated this month on increasing expectations that the Federal Reserve is