_id_f46969e5-91b7-41b8-995c-9701ab370543_size900.jpg?#)
US Gold ETFs Hit Record-Low Market Share as Asia Expands on Falling Price
The PRICE of GOLD fell Tuesday as the US bond market returned from the Columbus Day weekend, extending the precious metal's longest drop in a decade as data pointed to weak speculative and ETF investment demand for gold from traders in the world's largest economy. With the gold price in US Dollars now dropping for 6 weeks in a row, speculative betting that gold prices will rise has also shrunk for 6 weeks running in Comex futures and options, data from US regulator the CFTC says.
The PRICE of GOLD fell Tuesday as the US bond market returned from the Columbus Day weekend, extending the precious metal's longest drop in a decade as data pointed to weak speculative and ETF investment demand for gold from traders in the world's largest economy. With the gold price in US Dollars now dropping for 6 weeks in a row, speculative betting that gold prices will rise has also shrunk for 6 weeks running in Comex futures and options, data from US regulator the CFTC says.
What's Your Reaction?
