Economic uncertainty, a weak dollar, increasing confidence on the fact that the Fed will not raise rates in March, pushing investors to seek refuge in conservative investment assets like gold assets - by AMarkets materials.
Excitement around an ETF, specializing in the yellow metal is now at 5-year high. Gold prices rose to a 7.5-month high.
Experts believe that these dynamics - clearly a bullish indicator. This means that the big players not only small retail investors, became interested in metal. As of Friday, the largest investment in eight "gold» ETF rose to 43.3 million ounces. This is the highest since July 2015. From the beginning, the dynamics of the inflow of new capital in gold in the extreme intensity. Since January, the pace of investment growth amounted to 8%. In the past 5 weeks, says the most active growth - in fact, the most since March 2011.
Last week, the investment in the SPDR Gold Trust, the world's largest gold fund rose more than 4% - the maximum weekly gain since March 2009. there was capital flight, which lasted 3 years Up to this moment. It is worth mentioning an episode in the 3rd quarter of 2015, when Soros Fund Management has sold its stake in the "gold" fund Market Vectors Gold Miners ETF.