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Commerzbank: Gold ETF Holdings Up 58.6 Tonnes In 13 Days

Posted by Farmboy @ 11:23 on February 17, 2017  

“Investors continue to pile into global gold exchange-traded funds, with inflows of 58.6 tonnes during the last 13 trading days, says Commerzbank. The ETFs trade like a stock but track the price of the commodity, with gold put into vaults to back the shares. “ETF inflows are evidence of the robust demand for gold at present; holdings in the gold ETFs tracked by Bloomberg were increased yesterday for the 13th day of trading in a row,” Commerzbank says. “During this time, gold ETFs have seen inflows of 58.6 tonnes.”

http://www.kitco.com/news/2017-02-17/Gold-Silver-Precious-Metals-Daily-News-Briefs.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.