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Hedge funds back to selling gold after propping market a month ago

NEW YORK (Reuters) - Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price.Full story

MFC Industrial 1Q net income tumbles as costs rise

MFC Industrial Ltd., which finds and delivers raw materials to clients around the world, said Wednesday its first-quarter net income tumbled 70 percent, as a steep jump in costs offset sales growth. Full story

Asian shares rise on strong China trade data, record Wall Street

TOKYO (Reuters) - Asian shares rose to their highest in nearly two years on Wednesday, as strong Chinese trade data added to positive sentiment already fed by record highs in global equities overnight. Full story

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Articles

Glencore sticks to its own for top jobs in merged group

Slower world growth gives commodity investors cold feet

Africa is still way too dependent on resources

Commodities prices end mostly lower

Corzine sued by MF Global trustee over firm's collapse

Ex-MF Global CEO Corzine sued by trustee

Oil stays above $88 per barrel

Gold ends higher after brutal week; oil rises

Morgan Stanley commodity revs down, asset sale on course

Global shares, oil fall on growth concerns; gold rises

Video

  Under the Radar Metal Mover

Commodities are getting crushed, but some traders remain bullish on one metal. CNBC's Kate Kelly reports a substantial number of traders are looking to buy palladium.

  Bullish Case For US Equities

How is smart money invested following the recent selloff in commodities? David Bailin, Citi Private Bank, offers insight.

  Gold Regains Some Ground

How should investors play volatility in the commodities and gold market? David Wilson, Citi director of metals & research strategy, weighs in.

  Markets on the Rebound

Sarat Sethi, Douglas C. Lane & Associates; and Jerry Castellini, CastleArk Management, discuss today's turnaround in stocks following yesterday's sell-off in commodities.

  Gold Hit by Panic Selling, While Crude Prices Slide

Commodities made some major moves lower on Monday, as investors felt the weight of weak economic data out of China. Matt Smith, Schneider Electric; Adrian Mowat, JPMorgan Securities; and Mark Grant, Southwest Securities, take a look at what investors ...

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Related Photos

A worker uses a mobile lift to clean the windows of the headquarters of Swiss commodities trader Glencore in Baar near Zurich
A worker uses a mobile lift to clean the windows of the headquarters of Swiss commodities trader Glencore in Baar near Zurich

A worker uses a mobile lift to clean the windows of the headquarters of Swiss commodities trader Glencore in Baar near Zurich April 13, 2011. REUTERS/Arnd Wiegmann

Gold bars are displayed at the Ginza Tanaka store in Tokyo
Gold bars are displayed at the Ginza Tanaka store in Tokyo

Gold bars are displayed at the Ginza Tanaka store in Tokyo April 18, 2013. Concerns over global growth and weak demand pulled down Asian shares and commodities on Thursday, while gold slid as money continued to flow out of gold-backed exchange-traded funds. REUTERS/Yuya Shino (JAPAN - Tags: BUSINESS

Swiss commodities trader Glencore's logo is seen in front of its headquarters in Baar
Swiss commodities trader Glencore's logo is seen in front of its headquarters in Baar

Swiss commodities trader Glencore's logo is seen in front of its headquarters in Baar, near Zurich, February 6, 2012. REUTERS/Romina Amato

Containers are seen at the port of Santos
Containers are seen at the port of Santos

Containers are seen at the port of Santos February 22, 2013. Dock workers shut down the movement of global commodities through Brazilian ports early on Friday during a six-hour strike to protest the government's plan to overhaul regulations and put more than 150 terminals in the hands of the private