Aug. 26 at 1:09 PM
$B $GDX $GDXJ “Global physical gold-backed ETFs attracted +
$6.4 billion in inflows last week, their largest weekly intake since January.
This was led by North America at +
$4.4 billion, followed by European funds at +
$1.7 billion, and Asia at +
$300 million.
This also marks their 3rd-largest weekly inflow on record and the 7th consecutive weekly inflow.
Over this 7-week stretch, global gold-backed ETFs have attracted +
$16.4 billion.
Meanwhile, total AUM in global gold ETFs rose +
$33 billion last week, to
$615 billion, the highest level since the 2nd week of May.
The global gold rush is accelerating:
(@TheKobeissiLetter)”
