Chinese Investors See Comfort in Gold ETF
By GCRU Gold News on Friday, January 20 2017, 03:09 - Permalink
Add a weakening yuan and capital outflows from China to the global forces helping boost demand for gold.
In the week through Monday, China attracted $52 million, the biggest inflow into commodity-linked exchange-traded funds of all countries tracked by Bloomberg. Huaan Yifu Gold ETF, China’s largest ETF backed by raw materials, is getting all the attention, attracting almost $72 million last week, more than enough to offset outflows from its peers.