This article comes from the mainstream Reuters website. Although the inflows into SPDR (the worlds largest gold ETF) are only up 10.5 tonnes in February, this month is setting up to be the first month to show an increase since December 2012!
Slowly but surly demand for gold is starting to come back in the west, which is the main price driver for the metal. While some smaller funds are still experiencing outflows, the overall gold ETF holdings have increased by 7.3 tonnes this month. This is signaling a major shift in (major investors) sentiment as Mitsui Precious Metals analyst David Jollie said “The net impact is that compared to last year there has been a big swing in ETF flows from bearish to bullish.”
If this continues into March and throughout the year I believe we can continue to see a consistently climbing gold price.