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Investors are pouring into gold

Commodities

Investors are pouring into gold

Bloomberg Published on Fri, Feb 03, 2017 / 8:02 AM GMT+8

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NEW YORK (Feb 3): The Federal Reserve has emboldened gold bulls.

Prices and trading volumes surged Thursday on call options giving holders the right to buy bullion at higher prices. On Wednesday, investors poured US$413 million ($583 million) into SPDR Gold Shares, the largest ETF backed by the metal, recouping almost half of the money that exited last month.