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SPDR Gold Trust Set for First Monthly Inflow in Over a Year
Feb. 28, 2014 09:48AM PST
Precious MetalsReuters reported yesterday that the SPDR Gold Trust (ARCA:GLD) is set to see its first monthly inflow of metal in over a year. That’s due to weaker data out of the United States, which has led to increased interest in the metal.
Reuters reported yesterday that the SPDR Gold Trust (ARCA:GLD) is set to see its first monthly inflow of metal in over a year. That’s due to weaker data out of the United States, which has led to increased interest in the metal.
As quoted in the market news:
The SPDR fund, which issues securities backed by physical metal and attracted big inflows in the wake of the financial crisis, has added 10.5 tonnes to its reserves so far this month.
That means that, barring a large outflow [toady], February would be the first month to show an increase since December 2012.
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