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Gold on the rise again, bets jump 35pct at speculative funds

Posted on 05 June 2013

Speculative investors are dipping a toe back in the gold market. Analysts’ faith in the power of gold buyers in China and India continues. Those factors, plus the loss of momentum in other assets, seem to be helping gold’s price lately.
The pressure from ETF redemptions also appears to have slowed somewhat. The last week has seen $135 million in redemptions from the SPDR Gold Trust (GLD), according to the latest XTF data. That’s a slower pace that the outflows that saw $2.8 billion pulled from the fund over the last month………………………………………..Full Article: Source


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VRS - who has written 36521 posts on Opalesque Commodities Briefing.


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