News From Press Investors on gold ETF buying spree amid global stock rout

Investors on gold ETF buying spree amid global stock rout

Source: Bloomberg/ Business Standard Jan 13, 2016

Investors embarked on the biggest three-day buying spree in gold-backed exchange traded funds for a year as bullion rallied at the start of 2016 amid a stock-market slump. Holdings in ETFs climbed 19.6 tonnes in the three days through Monday to 1,477.7 tonnes, according to data compiled by Bloomberg, the largest increase since January 2015.

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