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Last month's interest rate cut by the Federal Reserve appears to have sparked concerns about inflation among the gold bugs.
Funds that invest in gold, a traditional hedge against rising consumer prices and general financial market turmoil, took in roughly $1.2 billion in September.
But the overwhelming bulk of the cash went to a single exchange-traded fund, the streetTracks Gold Shares(GLD Quote) ETF. The fund, which holds almost 600 tons of gold bullion, took in an additional $1.017 billion during last month alone, according to new data from the Boston-based Financial Research Corp. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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