Gold ETF Sees Highest Inflows in Nearly Two Years

Gold exchange-traded funds (ETFs) experienced their largest inflows in close to two years last month as investor interest in the precious metal skyrocketed amid record prices. After months of consecutive interest rate hikes pressured gold prices, a confluence of factors has caused gold prices to surge to record levels in recent weeks.

The increasing rate of violent conflicts, specifically the Hamas attack on Israel, caused gold prices to spike as investors desperately sought a safe-haven asset to…

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