11.10.2016 - Hedge funds came prepared for last week's gold price plunge
Gold has been on the defensive since last Tuesday when heavy selling saw it crash through $1,300 an ounce to a level last seen before the Brexit vote gave it a new leg up. For the week gold lost more than 5% with Friday US jobs numbers pushing the metal below $1,250 for the first time since the beginning of June. Gold touched a two-year high in July around $1,380 an ounce and year to date the metal is still managing gains of nearly 20% or more than $200 an ounce, one of its best annual performances since 1980........................................Full Article: Source
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