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Don’t panic, but gold ETFs are actually adding holdings

Posted on 23 January 2014

Is the beaten down gold getting ready for a take off? The cues from coin sales by the U.S. Mint and increased inflows into gold ETFs suggest that gold optimism is growing. The prices of gold held steady, signaling a sense of growing confidence in gold’s outlook for 2014.
The physical demand for gold remains strong in Asian countries. The U.S. Mint sales of gold coins touched multi-month highs in January this year. The total sale of gold American Eagle coins crossed 83,500 so far in January. This as per Mint statistics is the highest since April 2013. The Mint had announced rationing of silver American Eagle coins to build up inventories………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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