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More gold producers join the hedging club

Gold miners hedged another 1.62 million ounces of production in the first quarter of 2016 as 33 companies became net hedgers during the first three months of the year.

The gold price, currently at US$1,341/oz, has moved up so rapidly this year that the top ends of the zero-cost collar instruments put in place only months ago are being tested, or have already been