2023-05-09 10:01:49 ET
Exchange traded funds that offer exposure to the price of gold ( XAUUSD:CUR ) have attracted investor capital over the past week, as the precious metal hovers near all-time trading highs.
Amid concerns about the banking sector and the Federal Reserve's interest rate policy, gold currently sits above $2,000/oz and is knocking on the door of its all-time trading high of $2,072.50. This comes as the yellow metal has climbed 11.2% during 2023 and has jumped 25% since its November 2022 trading low.
In this environment, gold-related exchange traded funds have seen an influx of cash over the past trading week. In total, 15 funds together amassed just under $1B worth of capital flows. Listed below are 15 gold-focused ETFs that combined were able to garner $981.46M over the past week, along with the individual fund inflow for each:
No. 15: VanEck Merk Gold Trust ETF ( OUNZ ) +$1.98M.
No. 14: U.S. Global GO GOLD and Precious Metal Miners ETF ( GOAU ) +$2.04M.
No. 13: Direxion Daily Gold Miners Index Bull 2X Shares ETF ( NYSEARCA: NUGT ) +$2.10M.
No. 12: Sprott Gold Miners ETF ( SGDM ) +$3.09M.
No. 11: GraniteShares Gold Trust ETF ( BAR ) +$3.99M.
No. 10: iShares MSCI Global Gold Miners ETF ( RING ) +$4.15M.
No. 9: ABRDN Physical Precious Metals Basket Shares ETF ( GLTR ) +$4.69M.
No. 8: Goldman Sachs Physical Gold ETF ( AAAU ) +$9.89M.
No. 7: iShares Gold Trust ETF ( NYSEARCA: IAU ) +$15.46M.
No. 6: Direxion Daily Junior Gold Miners Index Bear 2X Shares ETF ( JDST ) +$18.24M.
No. 5: ABRDN Physical Gold Shares ETF ( SGOL ) +$19.14M.
No. 4: Direxion Daily Gold Miners Index Bear 2X Shares ETF ( DUST ) +$20.94M.
No. 3: VanEck Gold Miners ETF ( NYSEARCA: GDX ) +$48.79M.
No. 2: SPDR Gold MiniShares ETF ( GLDM ) +$104.32M.
No. 1: SPDR Gold Shares ETF ( NYSEARCA: GLD ) +$819.84M.
ETF flow data is per Bloomberg .
More on Gold:
Gold miners show strength as gold nears all-time high
Gold Nears All-Time High On Likely Fed Pause
Gold: U.S. Debt Surpasses $31 Trillion
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Gold ETFs see surge of inflows as gold hovers near all-time high