| Precious metals funds posted their biggest net outflow last week in around four months, while investors kept up the rapid pace of inflows into money market funds, Bank of America Merrill Lynch said on Thursday.
Investors pulled $1.0 billion out of precious metals funds in the four trading sessions to Tuesday, a period in which the dollar rose to its strongest level against a basket of major currencies in seven months. Gold fell to its lowest since early 2010, moving closer towards a break below $1,000 an ounce, and platinum fell to a seven-year low below $850 an ounce...............................................Full Article: Source
|