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Gold ETF Records Biggest Capital Flows in Over One Year

iconSep 7, 2017 10:37
Source:SMM
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.

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

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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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