GOLD INVESTMENT
New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the first quarter of 2018, while other heavyweights including Soros Fund Management, Jana Partners and Caxton Corp all remained unexposed to the metal.
The timing for Paulson appeared propitious given that during the first three months of the year, gold prices climbed slightly, though remained hemmed in a narrow trading range as selling pressure from rising US interest rates and a strong US dollar competed with support from geopolitical tensions.
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