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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

Gold ETF bullion holdings at record after $3bln monthly inflow

Posted on 05 October 2012

The largest gold ETFs listed in the U.S. have attracted about $3 billion of inflows the past month, pushing the amount of bullion in metal-backed products to fresh highs. Investors are flooding into gold ETFs on fears the latest round of central bank easing will debase global currencies and stoke inflation.
The amount of gold held in bullion-backed exchange traded products stands at about 2,554 metric tons, a new record, according to Bloomberg………………………………………..Full Article: Source


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