Sun, Nov 29, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Fund Profile more

Gold price bulls kept faith as hedge funds wavered

Posted on 17 June 2016

A big factor supporting the gold rally – the best start to the year in more than a decade – have been investors in physical gold-backed exchange traded funds. Global vault holdings have swelled to 1,883 tonnes, the highest since December 2013 following net inflows of more than 400 tonnes so far this year – a dramatic reversal of the trend during the last three years when a staggering 1,198 tonnes left funds.
As the chart shows the more than 6% decline in the price of gold in May did not deter ETF investors from picking up more metal and doubling down on their conviction of a rising gold price………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
November 2020
S M T W T F S
« Nov    
1234567
891011121314
15161718192021
22232425262728
2930