Reported 1 day ago
The SPDR Gold Shares (GLD) attracted $415.6 million in new investments during a significant market downturn, increasing its total assets to $99.1 billion. This influx occurred as major indices such as the S&P 500 and Nasdaq fell sharply, influenced by negative trends in tech stocks and commentary from Federal Reserve Chair Jerome Powell. Contrarily, other ETFs experienced both inflows and outflows, with commodity ETFs seeing substantial gains as investors shifted towards safer assets.
Source: YAHOO