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North American Gold ETF Buying Jumped From $71 Million to $7.7 Billion in One Month. Can GLDM Hold Up?
Source: 247wallst.com
Commodities & Raw MaterialsInterest Rates & YieldsMarket Technicals & FlowsInvestor Sentiment & Positioning
Gold ETF inflows in North America surged to unexpectedly high levels, signaling strong investor demand for bullion exposure. However, a simultaneous rise in real yields challenges the bullish gold thesis by increasing the opportunity cost of holding non-yielding assets, putting the sustainability of the trade in question.
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