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Hedge funds hiding out in ‘gold’ as US poll fears grip market

Posted on 08 November 2016

To understand how fearful investors are of all the wild cards in Tuesday’s US presidential election, just take a look at the gold market. Hedge funds are piling into the perceived safety of bullion, increasing their wagers that the metal will rally for a second straight week, US government data showed on Friday.
That marked the first consecutive gain since July as money managers pushed their holdings to a one-month high. Anxiety has gripped the financial markets with opinion polls signalling a tightening race between Democrat Hillary Clinton and Republican Donald Trump, who showed signs of strength with early votes cast in Iowa and Ohio………………………………………Full Article: Source


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