“Funds added just under 192 tonnes of gold year-to-date, equivalent to $7.5 billion, an increase of 7.7% of global assets under management from December 2016. Europe led by Germany accounts for the bulk of inflows in 2017 at more than 120 tonnes,” reports Mining.com.
The good news for gold ETFs is that inflation could serve as a catalyst for the yellow metal. Rising inflation could also prove to be a catalyst for gold ETFs. By some metrics, the Fed has under-estimated U.S. inflation, which could prove beneficial to gold because the yellow metal is historically a popular inflation fighter.
Tom Lydon’s clients own shares of GLD.