LONDON, 1 December 2016 – Leading global news and data provider Bloomberg today quotes analysis from BullionVault on the latest drop in gold prices.
With shareholders in gold-backed ETF trust funds liquidated stock again yesterday, "Price and ETF flows are highly correlated, so it's no surprise to see big hedge funds getting out," the news-wire quotes Adrian Ash, head of research.
"The market is facing a lot of pressure from the US, particularly with bond yields rising and the Dollar so strong."
You can read the full story – widely syndicated worldwide to sites including the Wall Street Journal's Indian title, LiveMint – on Bloomberg here:
Gold Slides to 10-Month Low as Fund Selling Binge Haunts Market
Source:
Bloomberg
