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ETF's Brought Gold Down,
While Physical Demand Rose




Investor sentiment in physical gold has picked up and rose in Q1 2013, compared to Q1 2012.
This, according to a thorough report by the World Gold Council, which is downloadable here, physical demand rose significantly in early 2013.

When examining the figures - one can easily observe that indeed, it's mainly the exchange traded fund liquidations that brought gold down.

Obviously, the stronger US dollar is also playing an important role in gold's cheapening process.

Of course, if the weakening of gold's price continues for a long time and if much lower levels will be reached, then perhaps investor sentiment will weaken as well.





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