23.06.2014 - A Comprehensive Guide to Gold Mining ETFs
Gold ETFs started 2014 on a positive note after a dismal 2013 as net ETF outflows in gold were zero in contrast to the 177 tons of outflows witnessed in the year-ago quarter. Last year, gold ETFs had suffered massive outflows as the slump in prices tarnished its image as a gold haven, thereby affecting demand for gold ETFs. In the first quarter, tensions in Ukraine and concerns over the global economy made investors flock to gold as a risk diversifier, which resulted in positive monthly inflows to ETFs in February, for the first time in over a year. This was repeated in March. Extreme low valuation also opened up buying opportunities for gold ETFs...............................................Full Article: Source
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