Gold’s longest rally in two years is spurring investors to return to precious metals just as signs emerge that the gains may be petering out.
U.S. exchange-traded products backed by precious metals took in $1.9 billion this month through Jan. 28, the first inflow since July and the biggest since September 2012, data compiled by Bloomberg show. Gold prices dropped 2.4 percent on Jan. 29, cutting this month’s rally, and Goldman Sachs Group Inc. said this week it expects the metal will fall over the next year.
