Sat, Oct 31, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Investment more

Spooked Gold Bull Cohen Trims Holdings as Yields Rise

Posted on 16 September 2016

The Federal Reserve is giving some gold investors a case of the jitters. Cohen & Steers Capital Management, which oversees $61 billion in assets, was overweight on gold until last week, when comments from some Federal Reserve officials boosted speculation that the central bank will tighten monetary policy as soon as this month.
With the interest-rate decision due next week, the asset manager opted to play it safe, paring its gold allocation. The New York-based firm isn’t alone. Over the past week, investors pulled $698 million from SPDR Gold Shares, the largest exchange-traded fund backed by the metal, taking their holdings to the lowest since June, data compiled by Bloomberg through Tuesday show……………………………………….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
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031