In January, flows to North American and European gold ETFs were positive while investors in Asia and other regions departed gold funds, according to the WGC.
Year-to-date, investors have added over $836 million in new assets to IAU. Amid the recent volatility in global equity markets, the dollar has rallied modestly, sending gold prices to a one-month low.
For more information on the gold market, visit our gold category.
Tom Lydon’s clients own shares of GLD.