By: ETF Trends
April 17, 2013 at 14:20 PM EDT
Gold ETF Selling Would Dump More Bullion on Market After Crash
Investors have pulled over $10 billion from SPDR Gold Shares (NYSEArca: GLD) and more selling in bullion-backed ETFs could put additional pressure on the precious metal’s price, Wall Street analysts say. GLD is down about 18% year to date with the recent sell-off pushing gold prices below $1,400 an...
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