Gold Investors Return to Funds as Price Declines for Second Day
- Holdings in gold-backed funds climb for 10th straight session
- `The narrative for this trade remains good,' BMO's Wong says
Gold Prices Are Still Solid
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Gold investors are piling back into exchange-traded products.
While prices are hovering near the lowest in more than a week, holdings in bullion-backed funds rose 50 metric tons since April 25. That’s the biggest 10-day increase and longest run in two months.