Tue, Sep 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Investors dump gold ETFs in second quarter

Posted on 05 July 2013

Investors dumped units of gold exchange-traded funds on an unprecedented scale in the second quarter, London-based ETF Securities said, as a brightening macroeconomic outlook tarnished the metal’s appeal as a haven and the hunt for yields drove investors elsewhere.
Global gold ETFs registered net outflows of $18.5 billion in the March-to-June period, the largest quarterly selloff since ETF Securities launched the first gold ETF in 2003, the firm said Thursday. This accounted for more than 90% of the $19.6 billion of outflows from total commodity ETFs in the second quarter. Estimates from other industry experts have been similar………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37062 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930