Institutional investors increased their holdings in bullion-backed exchange traded products again last week, now cumulatively holding something on the order of 2,400 metric tons. That’s a lot of gold.
Despite the scare the markets got from Fed Chairman Ben Bernanke, big investors are still betting that there will be another round of easing. The Federal Reserve printing money, the prospect of inflation and the ongoing zero-percent interest rate policies in both Europe and the U.S. are all continued bullish indicators for gold.