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Gold traders, investors and hoped for QE

By · June 28, 2012 · 8:26 am · Leave a Comment

 

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By Geoff Candy

If inflows into gold ETCs are anything to go by, investors are not really holding out a great deal of hope for solutions to the regions problems to be forthcoming from the EU summit that begins today.

According to ETF Securities, long gold ETCs recorded US$246m of new inflows last week, bringing cumulative net inflows to US$845m over the past 5 weeks.

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