Investors are returning to gold ETFs and recent inflows have turned GLD positive on the year in terms of asset-gathering. As recently as July 2, GLD was showing year-to-date outflows of almost $223 million, but after pulling in over $407 million over the past week, the ETF has 2014 inflows of $185.2 million. [Gold Grab Returns, Helps ETFs]
Long positions held by professional traders “in gold rose 20 percent to 136,929 futures and options contracts in the week to July 1, Bloomberg reported, citing U.S. Commodity Futures Trading Commission data.
SPDR Gold Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.