real-time news and commentary for investors
Monday, Aug 19
The GLD sees net inflows for the first time in months
- The SPDR Gold Trust (GLD -0.5%) last week saw its first net share creations since February, according to State Street data. Net inflows of $193M were tiny compared to over $40B in assets, but come after more than $20B in outflows YTD.
- Commerzbank says the inflows have continued in the few days since the end of the last data compilation date.
- Gold's taking a breather from its recent run, off 0.45% to $1,365 per ounce.
- Related ETFs: IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.