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Hedge funds raise bullish gold wagers

It is the highest in eight weeks, but Goldman says the gains will be short-lived

[NEW YORK] Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs Groupsays that the gains will be short-lived.

The net-long position in gold climbed 7.6 per cent to 43,277...

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