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Gold de-hedging remains in vogue

WITH the gold price hitting record highs of late and Barrick Gold’s move to eliminate all of its fixed-price gold sales contracts, gold de-hedging has ramped up during the third quarter according to precious metals consultancy GFMS.

MiningNews.Net
Gold de-hedging remains in vogue

In its Global Hedge Book Analysis for third quarter 2009, GFMS said de-hedging accelerated in the September quarter with some 3.18 million ounces of gold removed from the global hedge book. This has...

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