Gold ETFs Enjoy Biggest Funds Inflow Since QE 3 Inception

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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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu