Early COMEX gold up after Barrick forswears hedging

Newswire

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 ...

Premium Content (PAID Subscription Required)

"Early COMEX gold up after Barrick forswears hedging" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×