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U.S. ETF investors end 5-month love affair with Spyder gold

Posted on 22 February 2013

U.S. ETF investors’ five-month love affair with gold came to an abrupt end in January as they pulled $1 billion from the world’s largest bullion-backed exchange-traded fund to put into other commodity funds, data from funds tracker Lipper showed.
The exodus of money from the SPDR Gold Trust was driven initially by encouraging economic trends that boosted appetite for riskier commodities such as oil and grains. The retreat has continued into February despite uncertainties over global growth…………………………………….Full Article: Source


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