Behind the Gold Price Drop? Falling ETF Inflows as US Bond Yields Jump
Gold price has dropped in the past few days as data shows that top gold ETFs like GLD and IAU are seeing strong outflows
Fewer people are buying gold ETFs (funds that track gold prices), and some are selling their shares. When lots of people sell something at once, its price usually falls—which is what's happening to gold right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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