Related: Analyzing August Gold-Backed ETF Fund Flows
For the week ended Sept. 7th, GLD added nearly $873 million in new assets, a total surpassed by just four other ETFs. Investors added more than $1 billion to GLD in August.
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.
For more information on the gold market, visit our gold category.
Tom Lydon’s clients own shares of GLD.