The Market Vectors Gold Miners ETF (NYSEArca: GDX) is still down 2.4% since the steep plunge in mid-April, whereas the ETFS Physical Platinum Shares (NYSEArca: PPLT) has gained 2.1%. Year-to-date, GLD has lost 20.7%, whereas PPLT has declined 6.9%.
Investors have been dumping gold ETFs. GLD has lost $19.9 billion in assets year-to-date, according to IndexUniverse. Meanwhile, investors still hold a near-record amount of assets in platinum ETFs as PPLT added $161.9 million in net inflows this year. [Rising Precious Metal Prices Don’t Stem Gold ETF Outflow]
ETFS Physical Platinum Shares
For more information on the precious metals, visit our precious metals category.
Max Chen contributed to this article.