Investors Poured $18 Billion Into Gold Funds in One Month
Investors added $18 billion to gold funds over a one-month period, even as gold prices remained 23% below their record high, according to Aol.
According to Aol, investors poured $18 billion into gold funds over the course of a single month. The substantial capital influx arrived while gold prices traded 23 percent lower than their previous record high.
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The strong fund allocations highlight continued interest in the precious metal from institutional and retail market participants despite the broader pullback from peak price valuations.
Key facts
- Investors added $18 billion into gold funds over the span of one month.
- The inflows occurred while gold traded 23% off its record high.
- The data was reported by Aol.
Source: news.google.com
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