Gold ETF Fund Flows Quadrupled In November

 

Net cash inflow into the SPDR Gold Shares Exchange Traded Fund (Ticker: GLD), hit $1.15 billion during November according to data compiled by National Stock Exchange. This was 4.2x  the $272 million inflow during October, but still below September’s mammoth $2 billion inflow.

Altogether, a net $13.6 billion has flowed into GLD this year so far. GLD had the second largest inflows of any ETF during November. Clearly sentiment was roaring for gold last month.
[image url="http://static.businessinsider.com/image/4b1d38900000000000de115f/image.jpg" link="lightbox" caption="" source="" alt="etf" align="left" size="xlarge" nocrop="true" clear="true"]

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