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#Gold held in #ETFs see first reduction in three months | Tradingfloor.com
Monday, October 22, 2012 16:22
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ETF investors followed futures traders in reducing their holdings in gold last week. The reduction of just 3.2 percent was the first reduction in 12 weeks and occurred as gold increasingly fell victim to buyers’ fatigue as US economic data improved, thereby reducing one of the recent drivers for gold. Leveraged speculators in futures reduced their net-long exposure for the first time in eight weeks by 7.3 percent which all in all led to a combined reduction of 62 metric tonnes to 3,280.
See the rest of the article here: Gold held in ETFs see first reduction in three months | Tradingfloor.com
Read it all on The MasterMetals Blog
2012-10-22 15:20:21
Source: http://mastermetalsblog.blogspot.com/2012/10/gold-held-in-etfs-see-first-reduction.html
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