Ahead of the Jan. 28-29 FOMC meeting, investors have expected continued QE tapering by the Fed. However, the flows into gold have become more positive this year.
Ahead of the Jan. 28-29 FOMC meeting, investors have expected continued QE tapering by the Fed. However, the flows into gold have become more positive this year.
The SPDR Gold Trust, the largest gold ETF reported its first withdrawal of the year yesterday, of 1.5 tonnes. Having experienced outflows of 550 tonnes last year, the fund now stands at a five-year low of 793.121 tonnes.
Research has shown that in the first seven months of this year, the Chinese consumers have taken up more than twice the amount of the outflow from the SPDR gold ETF.
Research has shown that in the first seven months of this year, the Chinese consumers have taken up more than twice the amount of the outflow from the SPDR gold ETF.
The world's biggest gold exchange traded fund SPDR Gold Trust could lose up to a further four million ounces (almost 125 tonnes) to add to the nearly 300 tonnes it has lost through redemptions since the start of the year.
