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Gold 'getting hit from all directions' now

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Published Sun, Dec 11, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    London

    EVERYTHING'S against gold at the moment.

    Gold futures closed at the lowest level since February as the Federal Reserve gears up to raise rates, while US equities at record levels lure money out of havens and fund holdings wither. Assets in bullion-backed exchange-traded funds contracted for a 20th straight day as at Thursday, the longest stretch since May 2013.

    Gold

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