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Sizable July inflows for gold ETfs

Aug. 05, 2014 11:47 AM ETGLD, IAU, DGL, DGP, DZZ, DGZ, UBG, UGL, GLL, SGOL, AGOL, TBAR, UGLDF, DGLDF, OUNZ, GLDE, GYEN, GGBP, GEUR, GLDI, BAR-OLD, BARSBy: Stephen Alpher, SA News Editor15 Comments
  • The SPDR Gold Trust (GLD -0.3%) saw 11.1 tons of new gold last month, according to the Commerzbank team. Tossing in the iShares Gold Trust (IAU -0.3%) and the rest of the gold complex, about 15.7 tons came in, making it the largest monthly inflow since November 2012. For 2014 in total, tough, there remain net outflows to the tune of 30 tons.
  • Outflows have been blamed for mostly falling prices over the last year-plus, but July's inflows may have helped staunch an otherwise tough month for gold.
  • ETFs: GLD, IAU, SGOL, UGL, DGP, GLL, UGLD, DZZ, GLDI, DGL, DGZ, OUNZ, DGLD, AGOL, TBAR, UBG, GLDE, GYEN, GLDL, GLDS, GEUR, GGBP

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