Hedge Funds Aren’t Buying into Gold Price Rally

(Mining.com) Gold jumped to a five-week high on Monday as bullion bulls made the most of sputtering stock markets and a weaker US dollar.Gold for delivery in February, the most active contract on the Comex market in New York, hit a high of $1,186.40 an ounce in early afternoon trade, up over 1% from Friday’s close and the highest on an intra-day level since December 5.

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