Investors Pile Into Gold ETFs on Dimming Outlook for Rate Hike
- Aggregate open interest climbs to highest in six weeks
- Rise in gold-backed ETFs this week exceeds inflows in August
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Gold is back on investors’ radar.
After gold futures posted the worst monthly performance since May, money is moving back in. Holdings in exchange-traded funds backed by the metal climbed by 13.8 metric tons in the first two days of this week, topping the 13.7 tons added in all of August, data compiled by Bloomberg show. Aggregate open interest in futures rose to the highest in six weeks.