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World’s Top Gold ETF Sees Holdings Surge in Bullish Demand Sign

  • SPDR Gold Shares reports biggest inflow since listing in 2004
  • Equity- and crypto-market drop supporting demand for the haven
Updated on

Gold just got a very bullish sign from investors who are returning to the precious metal in a big way. 

SPDR Gold Shares, the largest bullion-backed exchange-traded fund, on Friday recorded its biggest net inflow in dollar terms since listing in 2004 -- worth $1.63 billion. Changes in ETF holdings are monitored as a gauge of investor interest in longer-term bets on gold. Holdings declined in 2021, a lackluster year for gold prices.