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Hedge funds flee to gold for life raft as dollar ship sinks
Published Mon, Apr 24, 2017 · 09:50 PM
New York
THERE'S no stopping the gold bulls.
Hedge funds increased their wagers on a gold rally to the highest since November, betting that this year's 12 per cent advance has more to go. Investors are also loading up on the metal through exchange-traded products, pouring US$487 million into SPDR Gold Shares on Wednesday. That was the biggest daily inflow into the world's top bullion ETF in seven months.
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