Gold ETFs See Hefty Outflows as Investors Turn More Risk-On
November 13, 2019 at 18:25 PM EST
With a more positive global outlook diminishing the need for safe-haven assets, investors are dumping gold-related exchange traded funds. For example, investors yanked $620.7 million out of the SPDR Gold Shares (NYSEArca: GLD) on Friday, the most since October 2016, Bloomberg reports. “It’s pretty...