Analysts have been surprised by the lack of selling interest in ETFs considering weak gold prices, according to the FT article.

Investors’ resilience suggests most in the gold ETFs have a long-term bullish outlook.

“Suki Cooper, precious metals analyst at Barclays says there has been ‘remarkably little’ selling from gold ETPs but she cautions that if these longer-term sticky investors turn more negative, gold prices could be susceptible to a much deeper correction,” the FT reported.

SPDR Gold Shares (NYSEArca: GLD)


Full disclosure: Tom Lydon’s clients own GLD.

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