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Gold struggles to attract investors as interest rates rise

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Published : January 12th, 2022
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Financial Times/Chris Flood/1-8-2022

“Gold exchange traded funds were hit by net outflows of $9bn last year in a retreat that could herald a significant decline in investor appetite for the precious metal in 2022.”

USAGOLD note: This article tells only part of the story on gold ETFs and leaves out a few glaring positives. For one, withdrawals amounting to 9 billion from a nearly $260 billion pool (according to Nick Laird, GoldChartsRUs), is not particularly “heavy,” as indicated in the subhead. Secondly, the outflows come after one of the biggest years on record in 2020 – right at $54 billion. Third, the hedge funds and other institutions – the group that dominates gold ETF trading – are on the sidelines. They have not been aggressive buyers over the last 12 months but they haven’t been aggressive sellers either. Some would read that as a positive indicator given gold’s sideways to down year in 2021.

Chart courtesy of GoldChartsRUs.com

Read the rest of the article at USA Gold
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