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Pace of de-hedging slowing: GFMS

THE global gold hedge book has been trimmed by a modest 0.98 million ounces in the third quarter, representing a slowdown in the pace of de-hedging compared with the high levels recorded in the first six months, according to precious metals consultancy GFMS.

MiningNews.Net
Pace of de-hedging slowing: GFMS

The gold hedge book totals 32.61 million ounces at the end of the third quarter, down 3% on the 33.59Moz total at the end of the second quarter. However, despite the slowdown in the pace of de-hedging,...

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