Money is flowing into gold - Merrill

|By:, SA News Editor

$12B has flowed into gold the past 10 weeks, according to Bank of America Merrill Lynch.

This is the biggest 10-week period of gold inflows since 2009.

Gold is up almost 20% YTD as worries about interest-rate hikes ease. Merrill says investors are "chasing the world's best-performing asset."

Related: A Warning On Gold ETFs | Why Gold Shined After The FOMC Meeting

ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GEUR, GYEN, UBG, QGLDX

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