“Physical demand still surges across Asia after the recent decline in gold prices and this is continuing to lead to a tight supply of gold bars in Singapore and Hong Kong,” said GoldForcaster.com, reported by IBD. “This situation may persist until the end of October or until a big jump in the gold price slows demand.”
ETFs tracking gold include SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU), Powershares DB Gold Fund (NYSEArca: DGL) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL).
ETFS Physical Swiss Gold Shares
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.