30
July
Gold demand seen leaving ETFs for futures, real metal
30 July 2009 Reuters
Gold prices are ignoring dwindling inflows into bullion-backed exchange-traded funds, with prices supported as investors switch their interest to the U.S. futures market and outright purchases of physical metal.
Investors are increasingly embracing riskier assets like stocks, leaving less of an impulse to hoard gold as a hedge against the unknown, lending support to its appeal as a buffer to dollar weakness and future inflation.
http://www.reuters.com/article/hotStocksNews/idUSTRE56S3MW20090729
