Price rise may revive interest in Gold ETFs

New York (Mar 26)  After seeing redemptions in the last few months, gold exchange-traded funds (Gold ETFs) may attract buying interest following a rise in prices. Gold soared as its safe-haven appeal rose over the unrest in West Asia. The precious metal climbed above $1,200 an ounce for the first time in almost four weeks. Gold futures is currently hovering in the range of $1,202-1,210/ounce (8 PM IST). Gold ETFs have tumbled about 13 per cent in the last one year.

Source: BusinessLine