Gold ETF Holdings Rose Again in November

According to Kitco: “November flows were positive across all regions,” the WGC said. “European funds led global inflows, with strong flows into U.K.-based funds as Brexit concerns increased and sterling weakened. North American funds saw inflows for a second straight month but remain negative on the year. Asian funds reversed two months of weak performance, adding 2.3% to their assets.”

GLD, the world’s largest gold ETF, has seen fourth-quarter inflows of $641.46 million.

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Tom Lydon’s clients own shares of GLD.