ETP Gold Assets Set to Mark Biggest Monthly Decline Since 2011

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.

To view the whole Bloomberg report, click here.