Gold ETFs enjoy further net inflows in May
“Inflows into gold-backed exchange-traded funds (ETFs) turned positive for the year to date thanks to robust investor activity in May, the World Gold Council (WGC) has said. These investment vehicles recorded net inflows of 19.3 tonnes in May, the third monthly increase in a row. The total value of inflows stood at $1.66 billion.”
USAGOLD note: Positive ETF flows are one of the indicators gold market analysts consistently point to as a signal the secular bull market has resumed. Let’s hope it holds.
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