Gold ETFs Haul in $3.5B
Source: Reuters (8/3/11)
"Investors who were nervous about the looming debt ceiling showdown poured $3.5B into ETFs that own gold last month."
Investors who were nervous about the looming debt ceiling showdown poured $3.5 billion in July into exchange-traded funds that own gold, according to fund tracking website IndexUniverse.com.
The biggest gold ETF, the $65 billion SPDR Gold Trust managed by State Street , added $2.9 billion of net inflow, IndexUniverse said in its monthly report. BlackRock's $8 billion iShares Gold Trust took in $632 million. . .View full article