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.
For more information on the gold market, visit our gold category.
Tom Lydon’s clients own shares of GLD.