Gold Sales from ETPs Spark Concern About Bull Run’s End

Worries about the end of gold’s longest rally since the end of the first world war are flourishing on the back of record sales from exchange-traded products.

Highlights from the market news:

• Investors sold 106.2 metric tons valued at $5.4 billion from exchange-traded products in February, the most since their creation in 2003.
• Gold slid 5.6 percent to $1,581.55 an ounce in London this year by yesterday’s close, the worst start since 1988.
• Gold is “significantly overvalued” and unlikely to return to its September 2011 record of $1,921.15, Credit Suisse said Feb. 1.

Click here to read full Bloomberg article.