Rapid Growth in Gold-backed ETFs

etf.mate

In the last two weeks the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust and ETFS Physical Swiss Gold Shares have experienced a massive inflow of funds. This trend is expected to continue because of weak US home sales and struggling economy, combined with the  annual jewellers inventory stockpile practice ahead of the start of India's festival season.

See the full story here http://www.thebull.com.au/articles/a/13754-gold-up-on-weak-housing-data.html

     

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