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@KobeissiLetter
Retail investors are rushing back into gold:
The largest US physical-gold backed ETF,
$GLD
, attracted +$50 million in retail inflows on Wednesday, the largest daily inflow since March.
This was also twice the previous largest daily inflow recorded since early April.
Overall,
$GLD
attracted +$637 million in inflows on Wednesday, the largest daily inflow since June 18th.
Subsequently, the fund posted +$77 million and +$431 million in inflows on Thursday and Friday, respectively.
So far in August, investors have added +$1.4 billion to
$GLD
, putting the ETF on track for its first monthly inflow since February.
Investor appetite for gold is back.