04.03.2014 - Precious metals lead resurgence by commodities ETFs
While equities wilt as tensions in Ukraine escalate, gold’s safe-haven status is proving alluring with investors rushing to the yellow metal as a shelter-from-the-storm play. Gold futures climbed last month, helping some of the major exchange traded funds backed by holdings of physical gold to see their first month of inflows in over a year. Last week saw the highest in flows across commodity ETPs in over a year. “Leading the trend were precious metal ETPs, which saw aggregate inflows of $206 million,” according to a research note by Nicholas Brooks, head of research and investment strategy, and Nitesh Shah associate director – research at ETF Securities...............................................Full Article: Source
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