Gold ETF holdings drop to the lowest since June - BBG
|According to the data compiled by Bloomberg, assets in bullion-backed ETFs have contracted 85.5 metric tons in November, retreating to 1,902 tons, the lowest level since June.
After shrinking for the past ten sessions, the holdings are on course for the biggest monthly drop in tonnage terms since June 2013, Bloomberg reports.
Meanwhile, Comex gold futures attempt a minor-recovery from nine-month lows and now trade around $ 1187.50 levels, almost unchanged on the day.
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