Jeff Sica was quoted in Bloomberg. To read the full article, please click here.
“Bullion ended the losing steak as it surged into a bull market in March. Even with losses in May, prices are still up 14 percent this year amid an “anemic” recovery for global growth.” Concerns over economies in Europe and Asia spurred demand for the metal as a haven, and investors poured $8.9 billion into SPDR Gold Shares this year, the most of all the exchange-traded funds tracked by Bloomberg.