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ETF outflows impact global gold demand

Posted on 25 November 2013

Exchange-traded funds have increasingly become a source of significant asset flows in global markets, and none more so than gold. Billions of dollars change hands every day in the gold market and ETFs now makeup a considerable bulk of those transactions.
So much so that the World Gold Council’s recently released Q3 2013 report on Gold Demand Trends cited ETFs and similar products as the largest single contributor to change in total gold demand. According to the report, ETFs accounted for a decrease of 256.4 tonnes of the yellow metal in the third quarter which brought total demand to 868.5 tonnes………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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