27
August
Gold ETF sees largest ever single-day inflow
27 August 2009 Mineweb
ETF Securities said on Wednesday it saw the biggest ever one-day inflow into its ETFS Physical Gold exchange-traded commodity on Aug. 25, as investors bought the metal as a haven from risk in the wider markets.
The ETC's holdings jumped 7% or 211,500 ounces to 3.190 million ounces of bullion on Tuesday, from 2.978 million ounces the day before, it said.
ETCs issue securities backed by physical stocks of a given commodity. Buying of precious metals to back ETCs and similar products has formed a major plank of demand in recent years.
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