Are gold ETFs back in favor?

Summary: Last week, the world’s largest gold exchange-traded fund (ETF) posted its first gain since last November. The reasons for gold’s rally last week vary far and wide – depleted COMEX inventories, robust physical demand in Asia and geopolitical tensions across the Middle East are all factors. Specific to the ETFs, fears of further outflows have waned over the summer. Another possible reason is the perception that the Fed will NOT be tapering its bond-purchasing stimulus program due to mixed economic data. Read more…