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Hedge funds raise gold bets as analysts predict more declines

It tumbled 28% last year and some see a further 19% fall to US$1,000 this year

[CHICAGO] Hedge funds have raised their bullish gold bets to a six-week high, splitting with analysts at Technical Research Advisors and Goldman Sachs who are predicting more declines after last year's rout.

The net-long position in gold jumped 19 per cent to 34,104 futures and options in...

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