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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

ETF Securities gold assets reach all time high

Posted on 26 February 2009

From Commodityonline.com: Gold continues to attract strong safe haven flows, with gold prices breaking through $1000/oz last week on strong investor demand for physically backed gold. Physically-backed gold ETC inflows rose $31 million last week, equivalent to 44,937 ounces.

ETF Securities has seen a 33% increase in gold holdings over the past 3 months to all time highs, bringing gold assets to $7.0 billion (7.03mn ounces), the largest gold ETC/ETF holdings in Europe, and the second largest in the world, according to a weekly review by ETF Securities Ltd….. Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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