Fund Managers

Gold wipes $560bn from central banks as equities rally

by Editor

May 16, 2013 | 9:54 am
  |     |     |   Start Conversation

Investors are dumping gold funds at the fastest pace in two years in favour of equities, compounding a slump that has wiped $560 billion from the value of central bank reserves, Bloomberg reports. Exchange-traded products linked to gold dropped $37.2 billion in 2013, as the metal reached a two-year low last week. Gold funds suffered…

login to view this content or Register here

by Editor

May 16, 2013 | 9:54 am
  |     |     |   Start Conversation

Big Read |  

Analysis
Why hotel room rates may not reach the $300 mark soon

Why hotel room rates may not reach the $300 mark soon

With a seeming scramble for market share by international brands, the Nigerian hotel market is truly burgeoning. The market features...


Top 100 (300 x250)

BRIU

Diamond

Election Banner