Gold Continues Its Ascent
As equity markets remain volatile, many investors are flocking to a safer asset: gold. Gold continued its climb and closed at a record high of just under $1,900. Some believe that a correction isdue after increasing by $400 since July, but those holding the metal over this time have enjoyed great returns.
The following ownership report identifies the largest institutional investors in gold ETFs, and most of their holdings are as of the end of Q2 when the metal began its $400 rise.