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23

Hedge Funds Jump on Gold as Life Raft Amid Dollar’s Sinking Ship

By Tony Seruga

SPDR Gold sees biggest daily fund inflow in seven months
Investors boost net-long position to highest since November

There’s no stopping the gold bulls.

Hedge funds increased their wagers on a gold rally to the highest since November, betting that this year’s 12 percent advance has more to go. Investors are also loading up on the metal through exchange-traded products, pouring $487 million into SPDR Gold Shares on Wednesday. That was the biggest daily inflow into the world’s top bullion ETF in seven months…

Hedge Funds Jump on Gold as Life Raft Amid Dollar’s Sinking Ship

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