Gold ETF Records Biggest Capital Flows in Over One Year

Published: Sep 7, 2017 10:37

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SPRD Gold Trust, the world’s biggest gold exchange fund, attracted $1 billion of capital, the biggest since mid-2016.

SHANGHAI, Sept. 7 (SMM) – SPRD Gold Trust, the world’s biggest gold exchange fund, attracted $1 billion of capital, the biggest since mid-2016.

Standard Chartered Warns of Potential Corrections for Gold

Besides, CFTC data showed gold net long positions held by hedge fund have surged nearly eight folds from early July.

WPIC: Global Platinum Deficit to Narrow Sharply in 2017

Capital flooded into gold market on anticipation that US economic situation may slow down rate hike pace and growing intensions in North Korea.

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