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With uncertainty and risk aversion dominating investor psychology in the first quarter of the year, gold ETFs have benefited, increasing dramatically in the first three months of 2009. According to the World Gold Council, investments in gold ETFs increased to $13.58 billion in the first quarter, representing more than six times the amount held in the same period during 2008 and more than five times the amount held in the fourth quarter of 2008. [click to continue…]

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