COMEX gold jumps after producer changes sales policy

Newswire

NEW YORK, Nov 21 (Reuters) - COMEX gold rose Friday after Barrick Gold Corp., one of the most active hedgers, said it was no longer committed to selling the metal forward to protect future production from falling prices. The news underscored that producers were more inclined to avoid hedging than to lock in prices for reserves at the highest levels in almost eight years. "It's pretty big news and I think it took the market a little by surprise this morning," said Bernard Hunter, a ...

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