As per ETF Securities, gold exchange-traded commodities (ETCs) saw net inflows of $166 million last week, Financial News reports. Gold ETCs witnessed a rise of more than $712 million in inflows over the past four weeks. A jump in demand for gold products was seen due to deteriorating sovereign debt conditions in Europe and the U.S. as well as weak growth data. Gold inflows account for 98% of the $169 million reported for precious metals ETCs, adds FundWeb.
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