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Largest ETF Inflows In Three Years Drove Gold Demand Higher In The Third Quarter

TedTed
in The Bullpen
FYI: A surge in speculation led to an increase in gold demand in the third quarter, according to a World Gold Council report released Tuesday.

Exchange-traded fund inflows shot higher by the largest amount since the first quarter of 2016, in what the council attributed to accommodative monetary policies, safe-haven and momentum buying. During the third quarter, the Federal Reserve cut interest rates twice, and the European Central Bank cut interest rates in a package of easing measures.
Regards,
Ted
https://www.marketwatch.com/story/largest-etf-inflows-in-three-years-drove-gold-demand-higher-in-the-third-quarter-2019-11-05/print
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