Retail investors return to the gold market in droves:
GLD, the largest physically backed gold ETF in the United States, attracted more than $50 million in retail inflows on Wednesday, marking the biggest single-day inflow since March.
It is also the second-largest single-day inflow recorded since early April.
Overall, GLD brought in more than $637 million in inflows on Wednesday, the largest single-day inflow since June 18.
The fund then recorded inflows of $77 million and $431 million on Thursday and Friday, respectively.
As of August, investors have increased their holdings in GLD by more than $1.4 billion, putting the ETF on track for its first monthly inflow since February.
Demand for gold is picking up.
GLD, the largest physically backed gold ETF in the United States, attracted more than $50 million in retail inflows on Wednesday, marking the biggest single-day inflow since March.
It is also the second-largest single-day inflow recorded since early April.
Overall, GLD brought in more than $637 million in inflows on Wednesday, the largest single-day inflow since June 18.
The fund then recorded inflows of $77 million and $431 million on Thursday and Friday, respectively.
As of August, investors have increased their holdings in GLD by more than $1.4 billion, putting the ETF on track for its first monthly inflow since February.
Demand for gold is picking up.