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Investors turn bullish on gold ETFs as Crimea standoff extends

Posted on 12 March 2014

Institutional investors and speculators are extending the rally in gold exchange traded funds, with bullion experiencing its best start in six years, as the standoff on the Crimea peninsula fuels safe-haven demand. The SPDR Gold Shares has gained 1.7% since Russian troops entered Ukraine at the start of the month. The ETF is now up 11.2% year-to-date.
Hedge funds and other speculators are increasing bets on gold futures for the fourth week and are now the most bullish since December 2012, with gold prices rising about 12% to a high of $1,350 per ounce this year, Bloomberg reports………………………………………..Full Article: Source


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