• Holdings In Gold ETFs Surge To Four-Year Highs As Metals Continue To Rise

    8 monthes ago - By ETF Daily News

    From Tyler Durden : Global holdings in gold exchange-traded funds soared to the highest level since 2013 as investors got behind a rally in the metal.
    As Bloomberg reports, most of the inflows were into SPDR Gold Shares, a U.S.-based ETF favored by money managers with a short-term view for its relatively high liquidity and narrow bid-offer spread. Gold has jumped 2.4 percent this year, touching the highest price in four months, as the dollar fell, Chinese consumers stocked up for the Lunar New Year and signs of global inflation picked up.
    “I'm always a bit nervous when gold prices rise...
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