Commodity market The price of gold bullion fell dramatically on 12 April 2013 and analysts frantically sought explanations. Rumors spread that the European Central Bank (ECB) would force Cyprus to sell its gold reserves in response to its financial crisis. Major banks such as Goldman Sachs began immediately to short gold bullion. Investors scrambled to liquidate their exchange-traded funds (ETFs) and margin call selling accelerated. George Gero, precious metals commodities expert at the Royal Bank of Canada (RBC) Wealth Management section reported that he had not seen selling of gold bullion as panicked as this in his forty years in commodity markets.
United States Commodity Funds commodity ETP in the United States that invested in Brent crude oil (ticker:BNO), although previously a Brent crude oil based commodity ETP had been launched in London. In 2010, USCF launched its first non-energy specific commodity ETP, United States Commodity Index Fund (ticker:USCI), which holds a diversified basket of commodity futures based on the SummerHaven Dynamic Commodity Index ("SDCI"). The SDCI is the first broadly diversified commodity index whose commodity weightings are not fixed, but which instead are adjusted to reflect market conditions. USCF's commodity exchange traded products are all listed on the New York Stock Exchange. Prior to the