Despite softer gold prices, ETFS reports longest consecutive positive inflows (6 weeks) into its long gold ETPs since Oct 2012

Despite softer gold prices, ETFS reports longest consecutive positive inflows (6 weeks) into its long gold ETPs since Oct 2012. Given the spectre of a possible US interest rake hike, this is an interesting (and contrarian) development, suggesting a rebuilding of gold hedges after the price falls that took place during 2013.


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Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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