Gold ETF Assets Climb to Highest Since 2013
- Exchange-traded funds backed by bullion reach 2,250 tons
- Gold extends gains after posting the best year since 2010
This article is for subscribers only.
Investors are piling into exchange-traded funds backed by gold, pushing assets to the highest in more than four years.
Holdings climbed to 2,250 tons on Monday, the highest since May 2013, according to data compiled by Bloomberg. The rise in ETFs comes after the metal’s best year since 2010 and as bulls are bolstered by a weakening dollar.