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Dwindling U.S. gold stocks signal surge in physical demand

Section: Daily Dispatches

By Frank Tang
Reuters
Tuesday, April 30, 2013

http://www.reuters.com/article/2013/04/30/comex-gold-stocks-idUSL2N0DD2L...

NEW YORK -- Physical gold stocks held at CME Group's Comex warehouses in New York have dropped to a near-five year low in a further sign that gold's price crash unleashed a frenzy of demand as investors scramble to buy bars and coins. ...

What surprised many dealers was that most of last week's withdrawals, worth $620 million based on Monday's prices, were from a vault run by JPMorgan Chase, one of the top global bullion banks. A JPMorgan spokeswoman declined to comment.

For the complete story:

http://www.reuters.com/article/2013/04/30/comex-gold-stocks-idUSL2N0DD2L...



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