Some gold traders argue that loose monetary policies overseas, such as in Europe and Japan, are stoking inflationary pressures. Consequently, overseas traders could be loading up on gold as well to help maintain wealth if consumer prices were to surge or their respective currencies begin to lose value.
Investors have added $120.2 million to GLD this year.
SPDR Gold Shares
Tom Lydon’s clients own shares of GLD. ETF Trends editorial team contributed to this article.