FYI: Gold exchange-traded funds are regaining their luster.
Investors poured about $2.6 billion into gold-backed ETFs in July, the highest total since March 2013, data from the World Gold Council show.
The price of the precious metal has surged 17% over the past three months and recently eclipsed $1,500 a troy ounce for the first time in six years. Investors have flocked to haven assets, like gold, amid renewed anxiety over slowing global growth and a flare-up in trade tensions.
Regards,
Ted
https://www.wsj.com/articles/investors-flock-to-gold-etfs-11565956800
