26.07.2016 - Citi: Holdings In Gold ETFs Keep Rising During July
Holdings in gold-backed exchange-traded funds have kept rising this month while net length in Comex gold futures decreased, suggesting that retail and institutional holdings in ETFs are generally “stickier,” says Citi Research. “These investors might also be holding gold given what still remain extremely low rates across most OECD (Organization for Economic Cooperation and Development) bond markets,” Citi says. Gold ETF inflows averaged 90 tonnes per month in the first half, the fastest pace since the financial crisis, Citi says...............................................Full Article: Source
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