World’s Largest Hedge Fund Says Buy Gold As Price Rally Nears $1,300

(Mining.com)
Last week, safe haven buyers continued to boost the gold price, lifting the metal to its highest level in more than two months. Gold futures in New York for delivery in December, the most active contract, jumped to a high of $1,293.80, up 1% from Wednesday’s settlement price. It was another day of heavy volume with 23m ounces traded by lunchtime. Gold is up 12.3% so far in 2017.

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