Wed, Jul 30, 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 36199 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031