Gold reaching all-time highs, record inflows since 2020
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Gold (XAUUSD:CUR) is seeing the biggest inflows since July 2020.
Testing all-time highs compared to global equities excluding the U.S. (ACWX), gold (XAUUSD:CUR) saw $3.1B in inflows.
It has outperformed the New York Stock Exchange for the past 10 years, and investors are starting to chase it, said Michael Hartnett, investment strategist at BofA, in a note.
Analysts are also bullish on The Gold Bullion Strategy Fund (QGLDX) “but disorderly move up in gold and bond yields on election would reverse bull in Goldilocks.”
Gold shares (GLD) are up 32.42% year-to-date, and up 3.92% in the past month.
Other gold and gold miner ETFs: (IAU), (SGOL), (OUNZ), (BAR), (GDX), (GDXJ), (NUGT), (RING), (DUST).
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