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

Gold traders divided amid worst ETP rout since ’04: Commodities

Posted on 10 May 2013

Gold traders are divided on whether surging demand for jewelry and bullion coins will sustain the rally in prices as a slump in holdings through exchange-traded products extends to the longest in more than eight years.
Twelve analysts surveyed by Bloomberg expect prices to rise next week, with 10 bearish and five neutral. While rising coin sales and demand for physical gold in Asia drove prices up 11 percent since reaching a two-year low April 16, ETP investors sold about $9.9 billion of their metal in the 27 days through May 8, the longest retreat since September 2004………………………………….Full Article: Source


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