| In last year’s gold-market selloff, the flight of exchange-traded fund investors got lots of blame for driving prices lower. Lately, though, the same crowd appears be playing a supportive role.
Some 11.1 tons of new gold entered the market’s biggest ETF in July, according to fund-sponsor data. For SPDR Gold Trust (GLD), iShares Gold Trust (IAU) and similar funds, July brought the biggest investor inflow since November 2012, Commerzbank’scommodity strategists estimate this morning, although it’s not enough to convince them prices will rise:..............................................Full Article: Source
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