Commodities
Gold Marks Fresh Record After Bullion-Backed ETFs See Inflows
- Exchange-traded fund holdings swelled the most since 2022
- Investors assess outlook for US economy and tariff policies
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Gold touched a fresh record, as exchange-traded funds backed by the precious metal draw renewed interest from investors.
Bullion hit a new all-time high of $2,956.19 an ounce on Monday, topping the previous peak reached on Thursday, before paring gains. Prices have risen for the past eight weeks, the longest streak since 2020. Gold-backed ETFs saw the biggest net inflows since 2022 last week.