The iShares Gold Trust accounted for 47% of net global gold ETF inflows through February, but investors did pull assets from North America gold funds last month.

Inflation could serve as a catalyst for the yellow metal and for gold-related 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.

On a global basis, gold ETFs have $101.4 billion in combined assets under management with funds listed in North America and Europe combining for $95.8 billion of that total, according to WGC data.
Year-to-date, investors have pulled $120 million from GLD, but have added $931.6 million to IAU.

For more information on the gold market, visit our gold category.

Tom Lydon’s clients own shares of GLD.