28.10.2016 - Physical gold market in largest surplus in a decade
Gold continued to tread water on Thursday, trading at $1,270 an ounce in early morning trade in New York. The gold price has been on the defensive since the start of October when it crashed through the $1,300 an ounce level and is now down more than 8% from two-year highs reached in July. A new report by the GFMS team at Thomson Reuters makes it clear what has been behind recent weakness with third quarter data showing the global gold market jumping to a surplus of 250 tonnes, the largest quarterly surplus since the final quarter of 2005..........................................Full Article: Source
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