| Investors’ patience with gold ETPs wore thin last week as further price declines prompted the first net outflow from gold ETPs in ten weeks, signalling a change in investor sentiment in the yellow metal. Meanwhile, despite slight price declines in oil-based and platinum-group-metals (PGM), significant net inflows were recorded across all ETPs tracking these commodities, as investors who were bargain hunting placed bets on upcoming price reversals.
Despite global demand for gold receiving boosts from Chinese imports (currently at a 7 month high) and Diwali celebrations, whereby gifts of golden jewellery are commonplace, the gold price has failed to rally; the ETFS Physical Gold fell by 0.4% last week...............................................Full Article: Source
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