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Message: Barrick Story

Barrick Mining, bought a huge quantity of metal in the open market to cover forward sales it had already agreed, notes Virtual Metals analyst Matthew Turner, speaking to Dow Jones Newswires.

Between the start of July and Monday this week, Barrick bought nearly 75 tonnes of gold as it finally began closing its "hedge book" after 21 years of selling gold forward in anticipation of lower prices.

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