Gold Investments Market Update - Reuters Wealth Management Summit - Wealthy Favour Cash, Government Bonds and Gold |
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Gold fell some 4% yesterday with forced selling being seen as hedge funds continue to deleverage and pension funds and other passive investors sell the various commodity indices. In addition, reports from Barclays that some European central banks had sold some 7.6 tons of gold during the week, acted to depress the market. Central bank gold sales and leasing of gold have artificially suppressed the price of gold in recent years but with lease rates surging and central banks concerned about Read More...
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