Thank ETF investors for higher gold prices
MarketWatch - Gold prices are up. Thank ETF investors.
That’s the takeaway from a recent note from research shop DataTrek, which contrasted the 18.4% full-year increase in the gold price with a 1% decline in global demand for the precious metal. The big price jump was a double-edged sword, DataTrek noted: it attracted investors but kept consumers on the sidelines.