Gold ETF Lures Most Money Since ‘12 as Europe Frets on Trump
- Xetra-Gold attracts $544 million last week, beating all peers
- Hedge funds boost bullish gold bets for second straight week
Investors Clamor for Gold Amid Uncertainty Over Trump
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European investors are leading the race to gold as concerns over growing populism and protectionism embraced by Donald Trump fuel demand for haven assets.
The four exchange-traded funds backed by the metal that have attracted the most money this year are all based in Western Europe. Frankfurt-listed Xetra-Gold tops the list, bringing in about $544 million last week, the biggest weekly inflow since at least 2012, according to data compiled by Bloomberg. That’s more than 10-times the new money added into SPDR Gold Shares, the largest commodity ETF, data show.