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Gold Bears Entrenched as Bullion Funds Lose Another $6 Billion

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Speculators keep punishing gold.

Money managers stayed net-short on bullion for a second week, after going bearish for the first time since the U.S. government data begins in 2006. The value of exchange-traded products tracking gold slumped $6 billion last month, the most since September, data compiled by Bloomberg show.