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

Gold ETP assets nosedive; SocGen declares a bullion bubble

Posted on 24 April 2013

Société Générale S A became the fourth money center bank to mark down its 2013 gold target price following record outflows from gold ETPs.
Holdings of gold exchange-traded products sank 154 metric tons worldwide over the first quarter, the largest drop-off on record, according to analysts at Barclays Capital. By contrast, gold assets rose 71 tons in the year-ago quarter………………………………………..Full Article: Source


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