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Are Hedge Funds Still Interested in Gold?

International Business Times – All three major U.S. equity indices are currently on a losing streak, but the price of gold has been relatively strong. The precious metal recently logged one of its strongest quarters in years, thanks to another quantitative easing program being launched from the Federal Reserve.

After finishing 2011 at $1,531 an ounce, the price of gold now trades near $1,700. Gold is on pace to climb higher for the twelfth consecutive year, and several well-known hedge funds still appear interested in the safe-haven asset.

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