SPDR Gold Trust on track for rare monthly inflow

|About: SPDR Gold Trust ETF (GLD)|By:, SA News Editor

Short of panicky outflows tomorrow, the SPDR Gold Trust (GLD) is set to record its first monthly inflow since December 2012. The fund has added 10.5 tons to reserves thus far this year amid a rally in gold prices after losing over 550 tons in 2013.

Overall gold ETF holdings, however, are up just 7.3 tons this year, meaning there's still net drawdowns outside of the GLD.

Gold continues to meander around a 4-month high, currently trading at $1,330 per ounce.

Related ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, GLDI, DGZ, AGOL, DGLD, TBAR, UBG, GLDE, GYEN, GEUR, GGBP