25.11.2013 - ETF outflows impact global gold demand
Exchange-traded funds have increasingly become a source of significant asset flows in global markets, and none more so than gold. Billions of dollars change hands every day in the gold market and ETFs now makeup a considerable bulk of those transactions. So much so that the World Gold Councilís recently released Q3 2013 report on Gold Demand Trends cited ETFs and similar products as the largest single contributor to change in total gold demand. According to the report, ETFs accounted for a decrease of 256.4 tonnes of the yellow metal in the third quarter which brought total demand to 868.5 tonnes...............................................Full Article: Source
Print