Things are looking up for the SPDR Gold Trust these days.
The gold ETF was last up 2.1% on Thursday, as it touched levels not seen since Dec. 10. GLD is climbing well above its 50-day moving average, as shown in the chart above.
Recent inflows are also encouraging. Gold ETFs on Friday scored their biggest daily inflow since October 2012, said Commerzbank analysts in a research note on Wednesday.
A note from Barclays analysts on Tuesday told a similar story. They wrote that Friday marked the largest daily inflow for physically-backed exchange-traded products since Jan. 31.
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