Flows into Gold ETFs Turn Positive Following Strong Year-to-Date Returns

Gold has increased by 28% year-to-date and reached new all-time highs. Despite lagging performance earlier, positive flows have emerged recently. The current interest rate environment is favorable for gold, with many central banks cutting rates and global bond yields declining. Gold miner ETFs have matched bullion's performance and both have outperformed the S&P 500 Index year-to-date.