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.![]()
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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.
Source: Bloomberg
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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.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
U.S. dollar weakness and inflation are some factors that are likely to boost the precious metal's prices.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Geopolitical tensions between major military powers could also drive up gold prices.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")