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Hedge funds show: We aren’t afraid of no gold

Posted on 22 April 2013

Hedge funds and other big speculators plowed new money into gold even after the precious metal posted a record loss in dollar terms this week, according to trading data on Friday that also showed inflows for many other commodities.
The net long money held by money managers across 22 U.S.-traded commodities rose nearly $950 million, or 6 percent, to $56.5 billion in the week ended April 16, according to Reuters calculations of data released by the Commodity Futures Trading Commission (CFTC)………………………………………..Full Article: Source


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