Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Gold ETP Holdings Seeing Another Tentative Rise

Published 09/02/2013, 05:22 AM
Updated 03/19/2019, 04:00 AM

Total known holdings of gold in Exchange Traded Products (ETP) rose for a third week last week. The 2.7 tonne rise to 1,954.7 tonnes (Bloomberg) follows on from similar small increases during the past couple of weeks. Considering the price recovery witnessed during this time it points towards some hesitancy amongst investors about becoming involved at this stage. This sentiment is also mirrored in the futures market where the main source of buying so far is from those covering short positions.
ETP Holdings
Gold ETP flows have stabilised but are not picking up despite the strong rally during August.
Gold Held
Silver holdings reached a new record last week with the part-investment and part-industrial metal continuing to outperform gold as economic data from China improves and geo-politics overall lends a hand.
Silver Held

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.