Gold’s lackluster year may pave the way for renewed interest in exchange-traded funds in 2022 from investors seeking a hedge against growing global uncertainties.
SPDR Gold Shares has seen net outflows of about $10.4 billion so far this year, the most since 2013, and equivalent to about 190 tons of bullion, according to the marketing agent for the fund. It’s come alongside declining gold prices as central banks start to pare back pandemic-era stimulus, though the emergence of the omicron virus variant and persistently elevated inflation have boosted potential risks to the global recovery going into the new year.
