26.05.2016 - ETF investors pile in despite worst gold price run in 6 months
On Wednesday, gold suffered its sixth straight day of declines as economic data out of the US made an early rate hike by the Federal Reserve more likely and large-scale futures market investors scrambled to liquidate long positions not seen since 2011. In heavy early afternoon trading gold futures in New York for delivery in June, the most active contract, dropped as low as $1,217.70 an ounce to a seven-week low before clawing back some lost ground. The gold price is down $60 per ounce since Wednesday last week, its longest unbroken losing streak since late November..............................................Full Article: Source
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