22.01.2014 - Gold ETF gets first inflow in a month; Speculators back?
Are investors getting less bearish on gold? They just staged the first inflow to the gold ETF in a month. SPDR Gold Trust (GLD) logged 7.5 tons in new holdings on Friday, according to SPDR. The inflow was the biggest for a single day since October 2012, according to Commerzbank’s commodity strategists, who are encouraged: If this turns out to signal a trend reversal, it is likely to lend buoyancy to the gold price. The high outflows from the gold ETFs observed since the beginning of last year were one major reason for the weak gold price...................................Full Article: Source