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The Kobeissi Letter
@KobeissiLetter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Joined June 2015
598 Following    2.7M Followers
BREAKING: Global physical gold-backed ETFs attracted +$6.4 billion in inflows last week, their largest weekly intake since January. This was led by North America at +$4.4 billion, followed by European funds at +$1.7 billion, and Asia at +$300 million. This also marks their 3rd-largest weekly inflow on record and the 7th consecutive weekly inflow. Over this 7-week stretch, global gold-backed ETFs have attracted +$16.4 billion. Meanwhile, total AUM in global gold ETFs rose +$33 billion last week, to $615 billion, the highest level since the 2nd week of May. The global gold rush is accelerating:
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