Investors Boost Gold Assets in World's Top ETF by Most Since `11
- Inflows in SPDR Gold reach $7.1 billion, beating all ETFs
- Gold prices rally 22 percent this year as rates stay low
Gold bars are stacked in a vault at GoldCorp Inc. Thursday, February 17, 2005, in Toronto, Ontario Canada.
Photographer: Norm Betts/BloombergThis article is for subscribers only.
Investors are piling back into gold, and they’re coming in droves.
Holdings in SPDR Gold Shares, the world’s largest exchange-traded fund backed by gold, surged 20.8 metric tons on Monday, the biggest one-day expansion since 2011, data compiled by Bloomberg show. About $7.1 billion in new money poured into SPDR Gold this year, the most of any ETF tracked by Bloomberg around the world, as holdings soared to the highest since 2013.