Oil and gold ETCs strong start

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GLOBAL - Oil and gold exchange traded commodities (ETCs) recorded strong inflows at the end of 2008, according to ETF Securities (ETFS).

Inflows to gold and oil ETCs in the week ending 2 January 2009 totalled almost $65m, which ETFS said showed increasing investor confidence on the outlook for commodity prices. Declines in the pr...

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