Gold in ETF set for the largest monthly fall

Source: Bloomberg
© Scanpix/RS

Gold traded in exchange-traded funds and products made from gold is heading for the largest drop in a month as investors seek for higher yielded assets amid sign of improving global economic recovery. Bullion for delivery in April dropped 0.2% to $1,474 an ounce as of 9:24 a.m. Singapore time, while assets in ETPs declined 168.22 metric tons to 2,281.62 tons yesterday.


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