ETP Gold Assets Set to Mark Biggest Monthly Drop in Five Years

Bloomberg reported that gold assets in ETPs are on pace to mark the largest monthly drop seen in five years.

As quoted in the market report:

While we think it’s too soon to call for the death of gold as economic data remains uneven, more people are optimistic about the outlook and want to move money into riskier assets,” Feng Liang, an analyst at GF Futures Co., a unit of China’s third-biggest listed brokerage, said from Guangzhou, China.

To view the whole Bloomberg report, click here.