GLD Gold ETF Alert: $12,000 Gold Call Meets Fresh Inflows and Crowding Risk
Physically backed gold ETFs worldwide, which hold actual bullion and trade similarly to stocks, drew investor flows again in April. SPDR Gold Shares found itself under scrutiny following a sharp rally and a swift drop in bullion prices. According to the World Gold Council, these funds attracted $6.6 billion in new money last month, as gold prices rebound on renewed optimism for a possible U.S.-Iran peace agreement.
