GFMS Forecasts Gold De-Hedging Pick up This Year

Source:

International precious metals consultancy GFMS said in a quarterly report that the pace of de-hedging picked up again in the first quarter of this year (2007), after a slow-down in de-hedging in the three months ending December 2006.

Gold de-hedging is expected to total 7.5 million ounces (233 tonnes) this year if gold producers maintain current rundown rates of the global hedge book.

International precious metals consultancy GFMS said in a quarterly report that the pace of de-hedging picked up again in the first quarter of this year (2007), after a slow-down in de-hedging in the three months ending December 2006.

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