Gold ETF Demand Defies Rising Bond Yields in Third Quarter
Gold exchange-traded funds recorded $31 billion in demand during the third quarter, defying rising bond yields, according to the World Gold Council.
Gold exchange-traded funds recorded $31 billion in demand during the record third quarter, defying rising bond yields, according to data from the World Gold Council reported by Kitco.
Despite macroeconomic headwinds typically driven by higher yields on government bonds, institutional and retail investors continued to pour capital into the precious metal throughout the period.
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Record Third Quarter Flows
The $31 billion influx establishes a historic benchmark for third-quarter inflows into gold-backed investment products. Analysts note that sustained interest in bullion ETFs highlights ongoing safe-haven demand amidst broader economic uncertainty.
Key facts
- Gold ETFs attracted $31 billion in inflows during the third quarter, according to the World Gold Council.
- Demand increased despite rising bond yields during the period.
- The figures mark a record third quarter for gold exchange-traded funds.
Source: news.google.com
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