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Gold hoards in ETFs bleed

Posted on 25 April 2014

The demand for gold remained strong in Asian countries during 2013. The rise in gold demand among Asian countries, especially China and India, played a significant role in determining international gold prices. However, the heavy selling of gold hoards in gold backed Exchange Traded Funds (ETFs) is likely to offset the rising gold demand in the region.
According to World Gold Council (WGC), demand for gold jewelry, coins and bars continued to rise sharply in 2013. The Chinese gold demand surged by 32% over the previous year. India’s gold consumption grew 13% during the year………………………………………..Full Article: Source


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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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