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11

Gold ‘Getting Hit From All Directions’ as Investors Flee Funds

By Tony Seruga

Everything’s against gold at the moment.

Gold futures closed at the lowest level since February as the Federal Reserve gears up to raise rates, while U.S. equities at record levels lure money out of havens and fund holdings wither. Assets in bullion-backed exchange-traded funds contracted for a 20th straight day as of Thursday, the longest stretch since May 2013…

Gold ‘Getting Hit From All Directions’ as Investors Flee Funds

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