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Gold bears dig in as bullion funds lose another US$6b

Wednesday, August 5, 2015 - 05:50
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Analysts predict gold prices will drop to US$984 an ounce before January 2016, the lowest since 2009.

Chicago

SPECULATORS keep punishing gold.

Money managers stayed net-short on bullion for a second week, after going bearish for the first time since the US government data begins in 2006. The value of exchange-traded products (ETPs) tracking gold slumped US$6 billion last month, the