Bloomberg has just posted an article titles ‘Gold Climbs to 3-Month High in London as Fund Demand Increases’ – read here.  The article says that SPDR Gold Trust gold holdings increased 1.3% to 843.59 metric tons in January.  The article quotes a Dresdner Bank (Zurich) analyst as saying:  “There’s really strong physical demand from the ETFs, there’s a motivation to preserve some wealth”, and a Standard Bank Group (Johannesburg) analyst as saying:  “The relationship between precious metals and the greenback could be dislocated in the short run due to safe-haven investment flows.  Precious metals could encourage investment-fund flows even if the dollar strengthens more”.

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