Interestingly, data suggest that investors outside of the U.S. are embracing gold funds.

“In Europe, gold ETFs have added $1.3 billion since January, led by the X-Trackers Physical Gold product, which has more than tripled in size. Money managers across Asia have been almost as keen, adding $1.1 billion to the products this year,” reports Bloomberg.

For more information on the gold market, visit our gold category.

Tom Lydon’s clients own shares of GLD.