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Short-term investors fueled $4.17-bil in gold ETP outflows: ETF

Posted on 03 October 2013

Institutional investors looking for quick returns in gold were responsible for the substantial physical outflows from gold exchange-traded products during the third quarter, analyst Nicholas Brooks of fund provider ETF Securities said Wednesday.
ETF Securities, in a report, said the value of physical outflows from gold ETPs totaled $4.17 billion in the third quarter, compared with outflows of $18.54 billion in the second quarter………………………………………..Full Article: Source


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