Gold's Bull-Market Flirtation Has Investors Swooning Over ETFs
- Precious-metal inflow of $4 billion is most since July 2011
- As economy slows, investors chasing `anything moving higher'
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Investors are falling back in love with gold thanks to the woman who came between them in the first place: Janet Yellen.
A rally in prices this month has the precious metal nearing a bull market for the first time since 2013 amid mounting expectations that Federal Reserve Chair Yellen won’t follow through on her forecast for raising U.S. interest rates further this year. The prospect of lower-than-expected borrowing costs -- along with weakening equity and currency markets -- is reviving gold’s appeal as a store of value.