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Funds rushed back into gold as prices surged in Q1 - 13F filings

Posted on 17 May 2016

Billionaire financier George Soros and other big investors have returned to gold for the first time in years, U.S. Securities and Exchange Commission filings showed on Monday, a move which spurred a rally to 12 month highs.
Institutional and retail buying has propelled prices to fresh one-year highs of $1,303 an ounce this month. In the first quarter, Soros, who once called gold “the ultimate bubble,” returned to gold after three years, with 1.05 million shares in SPDR Gold Trust, the world’s biggest gold exchanged-traded fund (ETF), valued at about $123.5 million………………………………………..Full Article: Source


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