Gold Demand In China In 2009

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Also, producers have accelerated the unwinding of their hedge courses. Years ago, mining giant Barrick Gold pre-sold much from the production forward under contract, promising to deliver at hundreds of dollars an oz . lower than where the metal trades today. Within a better-late-than-never development, it recently decided to buy back all its hedges - in process, suffering a lack of several billion dollars.and contributing to global gold demand.

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