Gold Clearing in London at Decade Low as Interest in Metal Wanes
- Interbank measure, a pointer for trading in gold, declines 12%
- It's ``simply not in vogue'': Triland's precious metals chief
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A pointer to London’s gold trading volumes fell to a more than decade low in a show of sagging interest by investors as the precious metal heads for its third year of losses.
Gold transfers shrank 12 percent in September to 15.6 million ounces, the London Bullion Market Association said in an e-mailed statement.