Gold Still a Hot Commodity Even as Rally Starts to Fade: ChartBy
Investors are still pouring cash into gold funds, even though prices haven’t done much this month. Assets in exchange-traded funds have kept consistently increasing, with total holdings near a two-year high. Gold has dropped 2.9 percent since March 10. “It’s peculiar that ETFs were net buyers even as prices dropped, but the narrative has shifted and remains more supportive for gold,” said Bernard Dahdah, a commodities analyst at Natixis SA in London.
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