De-hedging remains strong in 2Q '07One of the driving factors for a higher gold price over the past six years has been a deluge of producer de-hedging by global gold producers …The pace of de-hedging has continued in 2Q '07… We believe that the continuation of producer de-hedging partially explains why gold has held up well (above $640/oz) during a period marked by seasonal weakness for fabrication buying…Gold Markets - Delightful de-hedgingLast week, the gold price edged ah…
Original Post By Google News Merrill Lynch
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