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ETP Gold Assets Set to Mark Biggest Monthly Decline Since 2011
Jan. 29, 2013 11:20AM PST
Precious Metals InvestingBloomberg reported that gold holdings in exchange-traded products are primed to experience the largest monthly drop since December 2011, due to waning demand in the face of global economic recovery.
Bloomberg reported that gold holdings in exchange-traded products are primed to experience the largest monthly drop since December 2011, due to waning demand in the face of global economic recovery.
As quoted in the market report:
Assets contracted 0.8 percent so far in January, the largest decrease since December 2011, according to data compiled by Bloomberg. The holdings, which reached a record in December, dropped to a two-month low of 2,610.272 metric tons yesterday.
