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Gold is back in fashion after US$15 trillion global equity rout

Investor holdings of bullion through ETPs are expanding at the fastest pace in a year

Gold is climbing on concerns about further contagion from China, volatile stock markets and tensions in the Middle East, Citigroup said in a Jan 19 report.

New York

THE US$15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety.

Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of...