ETF DAILY NEWS » ETF Gold Demand Outshines Jewelry
That said, a number of investors engaged in profit-taking as gold prices rose—those in Japan seemed most keen on the idea. The WGC reported Japan saw a net sell-back of 20 tonnes of gold during the second quarter. … Gold supply, while still positive, is fairly tight, and mine output has remained relatively flat, but as prices rise, more “old gold”—those bars, coins and gold jewelry investments—will come into the market as people cash in on higher prices, though the WGC …
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