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Hedge funds bet on gold as demand rises

Net-long position in gold up 40% to 60,672 futures and options last week

[NEW YORK] Hedge funds raised bullish gold wagers by the most since July and sold copper holdings as emerging-market turmoil boosted concern that the global economy will slow and increased demand for precious metals as a haven.

The net-long position in gold jumped 40 per cent to 60,672...

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