11.11.2014 - Gold Slides as Assets in Global ETPs Drop Most This Year
Gold resumed its retreat in New York, falling for the eighth time in nine sessions, on signs of waning investor demand. Money managers cut their bullish wagers on the metal by the most this year, U.S. government data showed after the market settled on Nov. 7. Holdings in global exchange-traded products backed by bullion tumbled 1.4 percent last week, the biggest drop in 2014. Prices reached a four-year low last week on a stronger dollar and expectations that the Federal Reserve will raise interest rates as the economy improves, cutting demand for a store of value...............................................Full Article: Source
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