Trade War Fears Are Creating a Rush To Gold ETFs

ArticleCurrencyApril 12, 2018 - 7:33:22 AM

As the anticipation for a US and China trade war continues, market participants are beginning to plan accordingly.

As initially reported by Bloomberg, investors are starting to flock to gold as holdings in all bullion-backed exchange traded funds is at its highest level since 2013.

The bullion-backed exchange traded funds have risen for four straight days which is the longest run since January.

As a side note, the third largest commodity-linked ETF (Xetra-Gold) now has 177 million shares outstanding, which is the most since the fund started trading in 2007...

Source:goldtelegraph.com

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