This could put downward pressure on the gold price but could have the opposite effect on platinum and palladium, it added. "While these new physical-backed ETFs present a downside risk to gold ETF demand and gold prices, they represent an upside risk to platinum prices. We continue to recommend a long position in platinum as a 'gold-plus' trade."ETF Securities launched a platinum ETF just in time, symbol PPLT. The also created a palladium ETF, symbol PALL.
The bank described demand for gold EFTs as "rather muted", adding: "The holdings of gold EFTs have been essentially flat over the past six months at around 47m ounces. Should the investor demand for gold not return to the market this year, upside for gold prices would be further limited."
中国广东暴雨持续 深圳发暴雨“红色警报”
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中国南部人口密度高、经济发达的珠江三角洲地区因连日持续的创纪录降雨,使当地一些城市遭受洪灾。 路透社报道说,自 […]...
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