RSS SubscribeInvestors continue to pile into Gold ETFs on stagflation and rate-cut expectations – WGC
By Neils Christensen – Kitco News
After a slow start to the summer, investors jumped back into gold-backed exchange-traded funds (ETFs) in August, with the pace of inflows more than doubling from July, according to monthly data from the World Gold Council (WGC).
In their latest commentary, analysts at the WGC reported that global gold-backed ETFs saw inflows of 53 tonnes, valued at $5.5 billion, up from 22.3 tonnes in July.
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