“Gold’s rally is holding up even as global stock markets surge to records and yields on U.S. Treasuries rise. Demand for the metal as a store of value has been underpinned by geopolitical turmoil, bets on rising inflation and uncertainty over policies in the U.S., which shut down the government earlier this week,” according to Bloomberg.
Investors added nearly $916 million to GLD last year. To start 2018, GLD’s inflows total $411 million.
For more information on the gold market, visit our gold category.
Tom Lydon’s clients own shares of GLD.