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02 February 2012 at 16:30 IST
Global gold, platinum, palladium ETF holdings rise during January
LONDON (Commodity Online): Holdings in global gold exchange-traded funds rose some 695,000 ounces in January, with 76% of the inflows accounted for by the SPDR Gold Shares trust, said UBS in a research note.
“The shift into a positive net position from December’s decline of 1.19moz affirms the improvement in investor sentiment this year from the disappointments of the fourth quarter,” UBS added.
“Nevertheless, January’s volumes still pale in comparison to November’s 2.45moz increase, which suggests that some degree of cautiousness lingers.” Silver ETF holdings also rose in January after falling for three months. Platinum and palladium ETF holdings were also higher," UBS concluded.
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