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Demand strong for gold, silver ETFs

Posted on 25 February 2014

Thanks to rebounding prices in the commodities pits, gold and silver exchange traded funds are once again being favored by investors. ETF Securities, the ETF provider known primarily for its lineup of commodities funds, said its long gold ETPs last week saw $38 million of inflows, bringing inflows over the past two weeks to $46 million. The firm’s U.S.-listed gold ETFs include the ETFS Physical Swiss Gold Shares and the ETFS Physical Asian Gold Shares.
Last week, UBS boosted its forecast for gold in 2014 to a one-month forecast of $1,280 an ounce from $1,180 and the three-month outlook to $1,350 from $1,100. UBS analysts Edel Tully and Joni Teves upwardly revised their gold projection to an average $1,300 in 2014 from the previous estimate of $1,200, with a 2015 target of $1,200……………………………………….Full Article: Source


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