Gold funds saw record weekly inflow as prices surged
View all comments(0)
LONDON, Oct 24 (Reuters) - Gold funds received their largest weekly inflow on record in the week to Wednesday, Bank of America Global Research said in a note citing EPFR data, a week in which the precious metal's price surged to a new record, before retreating sharply.
Gold funds saw inflows of $8.7 billion in the week BofA said, putting the inflows over the last four months at $50 billion, larger than all inflows in the prior 14 years.
Gold XAU= spiked to a record of $4,381.21 per ounce on Monday before retreating as investors booked profits and momentum trades unwound. It was last at $4,092.60/oz.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Like
Recommended Articles
Featured Tools
Top News
Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

April 2026 CPI Preview: Will Hot Inflation Crush Nasdaq, S&P 500 & NVDA? Explosive Market Reaction Guide

'Big Short' Burry Doubles Down: Nvidia, Palantir Short Positions Double in Big Bet on AI Bubble Bursting

Is Micron the Next Nvidia? Why the 2026 "Memory Crunch" Makes MU Stock a Top AI Buy

U.S. April CPI Preview: Fed May Abandon Rate Cuts Until 2026?

Tradingkey








Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.