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Also, producers have accelerated the unwinding of their hedge records. Years ago, mining giant Barrick Gold pre-sold much from the production forward under contract, promising to provide at countless dollars an ounce lower than where the metal trades today. In the better-late-than-never development, it recently decided in order to purchase back all of the its hedges - regarding process, suffering a connected with several billion dollars.and leading to global gold demand.
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