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Gold Investor Sentiment Drops to 18-Month Low, Despite Improving Prices

BullionVault's Miguel Perez-Santalla says the sentiment decline likely came from investors squaring their books and year-end tax purposes.
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BullionVault's gold investor index dipped in January to 51.9, the lowest reading in 18 months. Any number above 50 indicates there are more buyers than sellers of physical gold, it continues to remind investors that the yellow metal is well off its highs from September 2011. BullionVault's Miguel Perez-Santalla tells TheStreet's Joe Deaux that the weakened sentiment likely occurred from investors squaring their books for end-of-year tax purposes.

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