Early COMEX gold up after Barrick forswears hedging


NEW YORK, Nov 21 (Reuters) - COMEX gold rose early Friday after Canada's Barrick Gold Corp., long among 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 the trend among producers to reduce their hedge books was still firmly in place. Along with the falling dollar, such "dehedging" has been a major factor in the 2003 bull market, which saw gold trade above $400 for the first time ...

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