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US commodity inflows fall in Oct; gold stays strong-Lipper

Posted on 15 November 2012

The monthly money flow into U.S.commodity products and funds fell by a fifth in October as investors veered off risk on fears over slowing global growth, but interest in gold funds remained strong, data from funds tracker Lipper showed on Wednesday.
Gold and other precious metals dominated investments in commodities for a third straight month, due to their perceived safe haven status, October figures for Lipper showed. A net inflow of nearly $1.7 billion was noted across some 230 U.S.-regulated commodity products and funds last month, versus a September figure of nearly $2.2 billion, according to Lipper, a Thomson Reuters company………………………………………..Full Article: Source


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