7
April
Gold slips from record; ETF holdings lowest since May
7 April 2011 Reuters
Gold ticked lower to hover
below a record on Thursday ahead of an expected euro zone
interest rate hike, while ETF holdings dropped to their lowest
in almost a year as investors shifted some of their money into
other markets.
Despite selling in the physical market, bullion was still
supported by inflation concerns driven by the deadly unrest in
Libya and the Middle East as well as soaring food prices. Silver
barely moved after hitting a 31-year peak on Wednesday.
http://www.reuters.com/article/2011/04/07/markets-precious-idUSL3E7F706G20110407
