Sat, Aug 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | ETFs / ETCs more

Gold ETF gets first inflow in a month; Speculators back?

Posted on 22 January 2014

Are investors getting less bearish on gold? They just staged the first inflow to the gold ETF in a month. SPDR Gold Trust (GLD) logged 7.5 tons in new holdings on Friday, according to SPDR. The inflow was the biggest for a single day since October 2012, according to Commerzbank’s commodity strategists, who are encouraged:
If this turns out to signal a trend reversal, it is likely to lend buoyancy to the gold price. The high outflows from the gold ETFs observed since the beginning of last year were one major reason for the weak gold price……………………………..Full Article: Source


 Article link

This post was written by:

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


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31