Commodity Trade Mantra

Posts Tagged ‘ETF Outflows’

Gold likely to reach Four-Year Low in 2014

Metals Focus Consultancy: Gold prices have probably peaked this year and could sink to their lowest since 2010 at $1,100 an ounce as the US economic recovery gathers pace. Western investors tend to set the price, while physical markets react to it. Also expect silver prices to average just under $20 an ounce this year.

UK Gold Exports Were Twice The ETF Selling in 2013

The flow of gold from the UK to Asia via Switzerland was a defining feature of the gold market in 2013. UK Gold Exports in 2013 were nearly double the volume of exchange-traded fund liquidation. Compared with 160 tonnes in 2012, exports of physical gold bullion totaled 1,739 tonnes last year.

30 Year Slide In Dollar May Be New Life For Gold: 2014 Outlook

If the dollar’s 30 year decline, as measured by the DXY Index continues, gold may be the main beneficiary. Smart money who understand it’s importance as a diversification continue to accumulate gold – Despite compelling reasons for gold to rally, it still seems to be stuck in a downtrend.

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