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Metal Recycling News March 28, 2012 02:54:09 PM

Barclays: Gold exchange-traded product holdings continue to slip

Paul Ploumis
ScrapMonster Author
Physical demand remains lackluster, and Barclays Capital says another important price-support is sagging.

LONDON (Scrap Monster): Physical demand remains lackluster, and Barclays Capital says another important price-support is sagging.

Exchange-traded product “holdings have started to trickle lower with metal held in trust falling by 2.1 (metric tons Tuesday),” they added.

“Outflows have reached 9 tons for the month to date and 12 tons shy of their peak,” the bank concluded.

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