Gold: Why Did Fund Flows Vanish?
By GCRU Gold News on Wednesday, October 12 2016, 23:44 - Permalink
Last week was rough for precious metals and prices shredded the numbers. Gold, silver, platinum, and palladium all fell. Gold had the biggest weekly fall in about three years. Hawkish comments from many Fed officials ignited concerns about a sooner-than-expected interest rate rise. With the fall in the price, the open interest in gold also fell substantially.