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TrackInsight: Strong inflows into Gold

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07/11/2019 | 10:45am EDT

After the US Federal Reserve Chairman Jerome Powell suggested a rate cut on Wednesday, July 10th, ETFs related to gold experienced strong inflows of more than $ 310M during the same day.

After the US Federal Reserve Chairman Jerome Powell suggested a rate cut on Wednesday, July 10th, ETFs related to gold experienced strong inflows of more than $ 310M during the same day. Indeed, when the economic growth is slower and interest rates are low, the demand for the precious metal is increasing, which causes these inflows. This increase in demand is also moving prices and in fact, gold also went up on Wednesday, by +1,09% on average. Once again, the gold price is above $1400 per ounce, at $1423. During 2019, the yellow metal is up by nearly 10% (+9,97%), and is also attractive to investors since $ 3,21Bn of cumulated inflows on the primary market were recorded year-to-date. 43 ETFs are tracking 12 indices related to gold, and they gather a total of $ 68,66Bn of assets under management.


© www.trackinsight.com 2019
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