Gold's Best Year Since 1974 Sparks Record Inflows Into ETFs
Gold is up 19% year-to-date, by far the best performing asset-class, making this the best start to a year since 1974.
"Negative rates in Japan and Europe coupled with weak global growth have prompted a surge in interest," notes one trader as Gold-backed exchange-traded funds saw a record inflow of $7.2bn in February, surpassing the previous high set in 2009, according to BlackRock.