Gold ETFs Pull In Record $31 Billion In Third Quarter
Global gold exchange-traded funds recorded $31 billion in inflows during the third quarter as investors continued allocations despite price dips.
Gold exchange-traded funds attracted a record $31 billion in inflows during the third quarter, according to data reported by BigGo Finance. The massive capital allocation wave occurred despite a notable price dip in the precious metal, demonstrating persistent institutional and retail demand for the asset.
Record Quarterly Inflows
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The third-quarter figure marks a historic milestone for gold-backed investment products. Market participants continued to build positions through the dip, ignoring short-term volatility to secure exposure.
Key facts
- Gold ETFs attracted $31 billion in the third quarter
- Inflows arrived despite a price dip in the underlying asset
- The data was reported by BigGo Finance
Source: news.google.com
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