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Commodities Briefing - Categorized | Bullion/Gold, Financial more

The return of the great gold hedge

Posted on 22 July 2013

In 2012 gold producers cut their hedging activity to the lowest level since research firm GFMS and investment bank Societe General began tracking the data a decade ago.
After falling 21% in the final quarter of 2012, the outstanding producer hedge book now stands at a mere 3.95 million ounces, or 123 tonnes, a far cry from levels of as much as 3,000 tonnes seen before gold began its 12-year upward climb………………………………………..Full Article: Source


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