15.10.2014 - Money flows into gold ETFS
Gold-backed Exchange Traded Funds (ETFs) were beneficiaries of the latest stock market sell-off. Stocks remain under pressure on worries about global growth, reports Reuters. The news agency says there is renewed interest in defensive assets. Meanwhile, analysts said earlier this year that they expected gold ETFs to do well this year. Gold retreated from four-week highs on Tuesday as lacklustre euro zone data pressured the euro versus the dollar, though the metal was underpinned by fears over global growth, which hurt stocks and other commodities...............................................Full Article: Source
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