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Press Release / ... Share
Hedge Funds Dumped Gold Bets Before Jobs Data Sparked Rally
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Investors dumped their bullion holdings as the metal flirted with erasing its 2019 advance. But the move could prove to be premature. On Friday, prices got a jolt after a report showed U.S. hiring in February was the weakest in more than a year. The news helped gold push back above $1,300 an ounce amid renewed demand for a haven.