Investors stampede into gold as top ETF jumps most since 2016

Bloomberg/Ranjeetha Pakiam/4-3-2019

“The biggest bullion-backed exchange-traded fund is suddenly getting a lot of love. Holdings in SPDR Gold Shares surged by the most in almost three years as the U.S.-China trade war, signs of a slowdown, and speculation the Federal Reserve will cut rates combined to fan demand. Assets in the SPDR ETF jumped 16.44 metric tons, or 2.2%, on Monday to post the biggest gain since July 2016, while a tally of holdings in all ETFs saw the biggest increase this year.”

USAGOLD note:  The surge in ETF stockpiles is a sign that institutional investors are once again taking an interest in gold ownership. The chart is telling and it signals that there is probably substantial liquidity available on the sidelines looking for a place to go.

Chart courtesy of GoldChartsRUs/Nick Laird

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