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Platts reported that precious metal ETPs won out over all other exchange-traded fund products in third quarter 2011, attracting the highest inflows.
Platts reported that precious metal ETPs won out over all other exchange-traded fund products in third quarter 2011, attracting the highest inflows.
As quoted in the market news:
Almost all the gold ETP inflows occurred in July, when the combination of a US budget ceiling stand-off, anticipation of a US sovereign debt downgrade, and deteriorating conditions in Europe drove gold ETP inflows up to $5.6 billion, the second largest monthly increase on record.
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