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Gold's wild ride leaves best forecasters siding with fund bears

Investors see no reason to stay in bullion with little inflation, end of US stimulus

Higher interest rates cut gold's appeal as a store of value as the dollar strengthens. Unlike the 1970s when gold surged, this time an important element is missing: high inflation.

New York

JANET Yellen sent gold prices on a roller-coaster ride. Now, hedge funds and the metal's best forecasters are predicting there's only one way prices are heading next: down.

The Federal Reserve chief last week raised US interest rates for the first time in almost a decade,...

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