Gold is up 19% year-to-date, by far the best performing asset-class, making this the best start to a year since 1974.
"Negative rates in Japan and Europe coupled with weak global growth have prompted a surge in interest," notes one trader as Gold-backed exchange-traded funds saw a record inflow of $7.2bn in February, surpassing the previous high set in 2009, according to BlackRock.
BlackRock's ETF (IAU) – which saw creation halted due to th einability to meet excess demand for physical has not had one outflow this year…
And GLD inflows are soaring…
This year $9.2bn has gone into gold-backed exchange-traded products, BlackRock said.
And it appears as The Fed remains on ist rate-hiking-narrative path (and the rest of the world goes deeper and deeper into NIRP) perhaps this chart – showing the Dow/Gold ratio breaking significant support – suggests gold will contionue to outperform…
Запись Gold’s Best Year Since 1974 Sparks Record Inflows Into ETFs впервые появилась crude-oil.top.