Hedge Funds Diverge on Gold, Silver Price

(Mining) Gold was drifting lower on Tuesday in brisk post-holiday trading in the US as the metal seeks direction after hitting three-month highs earlier this month. Gold for delivery in April, the most active contract on the Comex market in New York, was exchanging hands at $1,237.80 in afternoon dealings, shaving its year-to-date gains to 7.5% on the back of a stronger dollar.

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