Investors load up on cash, gold in flight from stocks – BofA

Reuters/Thyagaraju Adinarayan/8-7-2020

cartoon showing a boat riding the rising tide “Investors flocked to cash, gold and investment-grade bonds, BofA’s fund flow statistics showed on Friday, as the United States awaited approval from Congress for further stimulus.”

USAGOLD note:  The stats, according to this report, reflect investors seeking safety amidst a rising flood of liquidity – big outflows from stocks.

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.