Top gold ETF has inflow surge aims bullish in demand sign
Gold just got a very bullish sign from investors who are returning to the precious metal in a big way.
$SPDR Gold ETF(GLD.US$, the largest bullion-backed ETF, on Friday recorded its biggest net inflow in dollar terms since listing in 2004 -- worth $1.63 billion, according to Bloomberg data.![]()
![]()
Follow me to find more opportunities in ETFs![]()
Changes in ETF holdings are monitored as a gauge of investor interest in longer-term bets on gold.Holdings slumped in 2021, a lackluster year for gold prices.![]()
Even as the Fed gets ready to tighten in 2022, which could damp the appeal of non-interest bearing bullion, demand for the haven is getting support from the drop in equities, U.S.-Russia tensions over Ukraine, and the plunge in Bitcoin.![]()
The recent surge in market volatility, the rise in geopolitical tensions and the slump in crypto prices most likely increased the appeal of gold as safe haven.”
--- said Robin Tsui, Asia Pacific gold strategist, Global SPDR Business at State Street Global Advisors, the marketing agent for SPDR Gold Shares.
--- said Robin Tsui, Asia Pacific gold strategist, Global SPDR Business at State Street Global Advisors, the marketing agent for SPDR Gold Shares.
Source: Bloomberg
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Nick Faraci : love it
101597461 : ok
BAO BMW : yes, I will invest in Gold
..
71320154 : for sure
Marveller : Thanks for the update!
BullRunner : Yes but also Rhodium and Platinum
Syuee : Yes, I would strongly consider investing in $SPDR Gold ETF (GLD.US)$ for two core reasons.
U.S. dollar weakness and inflation are some factors that are likely to boost the precious metal's prices.
Geopolitical tensions between major military powers could also drive up gold prices.
Investing in gold ETFs is a cost-efficient and easy way to gain exposure to gold, and the $SPDR Gold ETF (GLD.US)$ is one of many ETFs that offer this exposure.
Thank you for sharing.
Sundeb39 : Yes I would !
71588024 :