Amid the revival of the reflation trades, gold and silver mutual funds and exchange-traded funds (ETFs) witnessed the biggest outflows in three months in the week ended Feb. 10,. according to the weekly data available for 338 precious metal funds on Refinitiv Lipper.
Key takeaways
“Investors net sold $1.4 billion in precious metal funds in the week ended Feb. 10.”
“investors put $43.1 billion in equities funds, as global stocks surged on optimism over vaccine roll-outs and hopes of a bigger fiscal package from the United States.”
“iShares Silver Trust saw outflows of $919.1 million, while SPDR Gold Shares had net sales of $621 million in the last week.”
Related reads
- Gold Price Forecast: XAU/USD sees a dead cat bounce, with death cross in play
- Forex Today: Stocks rise, oil gushes, Bitcoin flirts with $50K as stimulus, vaccine hopes prevail
作者：Dhwani Mehta，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
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