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Fund Managers Say Don’t Count on the Midterms to Revive Gold

(Bloomberg) It’ll take more than election upheaval to restart gold’s rally. That’s the view of money managers including Stephen Land of Franklin Templeton Investments, who say concerns that the Federal Reserve will continue raising rates will overshadow any short-term boost to haven demand from Tuesday’s midterm vote. The dollar and U.S.-China relations are also likely to reassert themselves as catalysts, they say.

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