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One of Britain’s top hedge fund managers lost a legal fight over the salvage of $40 million of silver from the wreck of a ship sunk by a Japanese submarine in World War II. The UK’s Supreme Court on Wednesday declared that the South African government could assert state immunity in a suit brought by a company controlled by hedge fund chief Paul Marshall. At ...
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Gold recovered from its earlier lows to turn flat on the session and silver drifted into the positive territory. Following their gains on Monday, and impressive gains for silver in particular, both metals fell on Tuesday amid profit taking and as the strength in US dollar discouraged traders. The greenback was higher again at the time of writing, which ...