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Gold ETF holdings plummet further, Mining ETFs offer no relief

Posted on 16 December 2013

Gold futures plunged another 2.6% Thursday as strong retail sales data stoked speculation the Federal Reserve could move to taper its $85 billion-per-month asset-buying program at its policy meeting next week.
Tapering talk, as it has for all of this year, punished gold and the exchange traded funds that are backed by physical holdings of bullion. The 2.6% drop for gold futures for February delivery was the largest drop for the most active contract since Oct. 1, according to Bloomberg………………………………………..Full Article: Source


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