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Gold ETF outflows resume – will they continue?

Posted on 01 October 2013

There had seem to be something of a pullback in sales out of the major gold ETFs but this seems to have come to its end, and sales have resumed, albeit at a lower rate. The biggest gold ETF – SPDR Gold Shares (GLD) reports a sale of almost 4 tonnes in its latest figures, which brings its gold holding down to 905.99 tonnes – a new low for the ETF.
The previous low had been recorded on August 8th at 909.33 tonnes. In between then and now holdings had increased to 921.03 tonnes just before the U.S. Labor Day holiday, but since then have been drifting back. The latest 4 tonne fall has been the largest single day decline since then………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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