Skip to content
Subscriber Only

Gold ETF Investors Look Past Brexit, Lift Assets to 2-Year High

  • Investors have poured $10.7 bln into SPDR Gold Shares in 2016
  • Market to refocus on U.S. rates after U.K. vote: SocGen
Video player cover image

Brexit Vote: How Will Gold React?

Updated on

Investors in exchange-traded funds backed by gold are looking beyond this week’s U.K. referendum on European Union membership and the declines in bullion prices it has spawned.

Holdings in gold ETFs climbed for a 16th straight session on Tuesday to the highest since 2013. Investors poured $10.7 billion this year into SPDR Gold Shares, the most among more than 6,000 ETFs tracked by Bloomberg. Inflows into SPDR have already surpassed annual totals for every year since 2009. On Tuesday, Federal Reserve Chair Janet Yellen pushed the prospect of additional interest-rate increases further into the future.