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Gold ETFs hit by renewed tapering fears

Posted on 10 December 2013

Money drained out of gold exchange traded products last week as better US economic news sparked renewed tapering speculation. ETF Securities’ gold products posted their largest weekly fall since June, losing £222m, despite rising demand for the metal in China and the US.
US economic indicators, such as the unexpectedly-strong jobs and manufacturing figures, point to a sustained recovery and QE tapering early next year, ETF Securities’ weekly report says………………………………………..Full Article: Source


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