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Gold may lose its sheen for ETP investors

Posted on 08 January 2013

Gold may have been the darling of exchange-traded product investors last year, but its sheen could tarnish a tad in 2013 if global economic conditions continue to improve, ETF Securities said Monday.
Global commodity ETP assets under management rose by $29 billion to reach a record year-end high of $199.8 billion last year, almost double the level seen at the end of 2009, the London-based ETP provider said in a quarterly report on the sector. At $146.6 billion, gold ETPs accounted for 73% of total commodity ETP assets in 2012, growing by $24.1 billion during the year, the firm said………………………………………..Full Article: Source


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