LONDON, 22 September 2011 - The latest precious-metals report from Dow Jones Newswires today features comment from BullionVault's head of research, Adrian Ash, alongside bullion-bank analysts and futures brokers trying to make sense of this week's sharp price drop.
"A large part of this kind of fall is going to be institutions" pulling their money from gold, Adrian tells the newswire in its widely syndicated story.
Amid the dramatic sell-off in other asset classes, "Banks and funds are forced sellers," says Adrian, as they reduce leveraged positions, "or they're looking to take profit and build up a cash cushion."
You can read the full Dow Jones story at Investors Business Daily here...
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Source:
Dow Jones
