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By Joe Richter, Bloomberg |
May 20, 2013
Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years.
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By Nicholas Larkin, Bloomberg |
May 17, 2013
Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in exchange-traded products that have retreated to a two-year low.
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By Austin Kiddle |
May 17, 2013
As inflation is low and equity markets are rising, gold-backed ETP investors have been rotating out of gold. The SPDR Gold Trust holdings dropped to a four-year low to 1,041 metric tons yesterday.
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By Adrian Ash |
May 16, 2013
Opposing the rise in retail gold demand, says the World Gold Council, "[was] a well-documented decline in gold ETF holdings...which outweighed the [global] growth in bar and coin demand."
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By Debarati Roy, Bloomberg |
May 16, 2013
Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month.
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By Ben Traynor |
May 15, 2013
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.
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By Joe Richter and Debarati Roy, Bloomberg |
May 14, 2013
Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply.
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By Alasdair Macleod |
May 13, 2013
In August 2011, I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) were being regulated as custodians, despite the fact that physical bullion is not a regulated investment.
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By Elizabeth Campbell, Bloomberg |
May 13, 2013
Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc., the world’s biggest money manager, said it’s still bullish.
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By Ben Traynor |
May 10, 2013
Spot market gold bullion prices fell to two-week lows Friday, drifting lower toward $1,440 an ounce during this morning's London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.