Gold Miners Hedge Again in Q2, FY Net Hedging Seen

Reuters reported that gold miners reported net hedging for the second quarter in a row, for the first time in a decade.

As quoted in the market news:

For the full year, the global hedge book is expected to result in a net addition, the first annual net hedging since 1999, even though most major gold miners have already eliminated their hedges and fully exposed their output to market prices.

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