Investors pour $18 billion into gold ETFs in August as sovereign debt concerns grow - WGC report - KITCO
Investors pour $18 billion into gold ETFs in August as sovereign debt concerns grow - WGC report - KITCO
Source: KITCO
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DW NOTE
August's $18 billion inflow into gold ETFs came while gold was 11% cheaper than it is today—it traded around $4,000 through most of August before the September spike. Sovereign debt concerns remain perfectly rational: the US is on track for a $1.9 trillion deficit this year, and the 10-year yield has climbed 3.24% in a month as the market reprices fiscal reality. What's notable is the timing disconnect—investors bought the dip in August, then watched gold rally another $460 in September as the Hormuz closure tightened and oil hit $95.