Assets in GLD, the world’s largest gold ETF, jumped 1.4% to 796.39 metric tons in the two sessions through Tuesday, reports Debarati Roy for Bloomberg. That’s GLD’s best two-day gain in nearly three years and comes after more than 550 tons were pulled from the fund last year, according to Bloomberg.
GDXJ is not the only miners that could soon shoot higher. On Wednesday, the Global X Pure Gold Miners ETF (NYSEArca: GGGG) gained almost 1% on volume of 107,000 shares compared to average daily turnover of 3,700 shares. GGGG’s assets under management tally could increase by 25% as a result of Wednesday’s action in the ETF.
Market Vectors Junior Gold Miners ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.