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‘Ample room’ for more gold gains as hedge funds late to the party, adviser says

Hedge funds late to the party as gold breaks key $2,000 level

If you adjust for inflation, gold still has to climb to $2,800 per ounce to surpass 1980 levels. But gold bulls aren’t complaining as futures for the yellow metal topped $2,000 in nominal terms for the first time. At $2,052 in the early hours of Wednesday, gold has climbed 35% this year.