Gold’s Record Inflows From Asian ETFs Seen by Some as Warning

Asian investors are pouring record amounts into gold exchange-traded funds, leading some to question whether the rally in bullion is getting close to topping out.

Precious metals ETFs listed in the region have attracted $7.1 billion in net inflows in January, with a number drawing in all-time amounts of capital, according to data compiled by Bloomberg. The biggest gains were seen by funds listed in China that cater to retail investors, with Huaan Yifu Gold ETF alone luring in $1.9 billion.