GDXU - Despite Gold Hitting Record Highs ETF Flows Remain Muted
2024-05-30 11:15:00 ET
Summary
- Over the last few weeks, the price of gold has reached record highs.
- Despite the marked increase in interest from institutional investors, activity across gold ETFs remains muted.
- Given the current level of geopolitical risk, ongoing conflict, and growing uncertainty regarding inflationary trends across a number of major global economies, central banks have reportedly been behind the recent spike in demand, pushing gold prices higher by circa 13% YTD.
As the price of gold hits new records, ETF investors appear to be sitting on the sidelines. ...
Despite Gold Hitting Record Highs, ETF Flows Remain Muted