Gold Falls Amid ‘Steady, Large’ Outflows from Bullion ETFs
April 10, 2013 at 08:55 AM EDT
Investors continue to pull cash from bullion-backed ETFs as gold prices decline and now Goldman Sachs is predicting that more outflows from exchange traded products will put even more pressure on the metal. For example, SPDR Gold Shares (NYSEArca: GLD) has seen net redemptions of about $7.7 billion...