Gold Shortage Theory Derided as Comex Seen Well Supplied
- Comex gold inventories have fallen to lowest since 2013
- CPM, Barclays say stockpiles are adequate to meet demand
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Even stockpiles at a two-year low aren’t enough to cheer gold investors.
Inventories of the metal on the Comex in New York have fallen for seven straight sessions to 6.89 million ounces, the smallest since October 2013, when inventories slid to the lowest in seven years, according to bourse data.