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Gold's Best Year Since 1974 Sparks Record Inflows Into ETFs

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Gold is up 19% year-to-date, by far the best performing asset-class, making this the best start to a year since 1974.

 

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"Negative rates in Japan and Europe coupled with weak global growth have prompted a surge in interest," notes one trader as Gold-backed exchange-traded funds saw a record inflow of $7.2bn in February, surpassing the previous high set in 2009, according to BlackRock.

 

BlackRock's ETF (IAU) - which saw creation halted due to th einability to meet excess demand for physical has not had one outflow this year...

 

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And GLD inflows are soaring...

 

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This year $9.2bn has gone into gold-backed exchange-traded products, BlackRock said.

 

And it appears as The Fed remains on ist rate-hiking-narrative path (and the rest of the world goes deeper and deeper into NIRP) perhaps this chart - showing the Dow/Gold ratio breaking significant support - suggests gold will contionue to outperform...

 

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