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Gold ETF Loses Its Luster For Investors

FYI: Investors pulled out of the second-largest exchange-traded fund tracking gold as climbing interest rates dimmed the precious metal’s appeal as a safe haven.

The $12 billion iShares Gold Trust, known by its ticker IAU, had about $170 million in outflows on Wednesday, the most since March 2017. The ETF has taken in almost three times as much cash this year as its larger competitor, the $36 billion SPDR Gold Shares fund, ticker GLD.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-05-31/gold-etf-loses-luster-as-rising-rates-hurt-haven-hunt-etf-watch?srnd=etfcenter

M* Snapshot IAU:
http://www.morningstar.com/etfs/arcx/iau/quote.html
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