🚨 LATEST UPDATE :

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.

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