Outflows From Gold ETFs Didn’t Hurt Prices in July
August 11, 2023 at 08:56 AM EDT
The S&P 500 was up 3.11% in July, bringing its YTD return to 19.52% as equities continue to rally. This could have spurred an outflow in gold exchange traded funds (ETFs), but prices held steady amid the sell-off. The macroeconomic environment, with higher yields and a relatively strong dollar amid high rates, continues to put [...] The post Outflows From Gold ETFs Didn’t Hurt Prices in July appeared first on ETF Trends .
