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Massive bear positions in US futures, options help push gold down

The metal is now at a 2018 low of US$1,175 an ounce

London

MOST precious metals analysts say that the strong US dollar has pushed gold down to a 2018 low of US$1,175 an ounce. Another key reason, however, has been a massive increase in bearish positions on derivative exchanges.

Latest figures by the Commodity Futures Trading...

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