Investors pour into gold ETFs as Iran conflict adds to the funds’ appeal

(Kitco News) – As the conflict with Iran continues and equity indexes around the world post steep declines, investors are flooding into gold – and into bullion exchange traded funds (ETF) in particular.“Global gold funds posted +$6.2 billion in inflows last week, the 3rd consecutive weekly intake,” noted The Kobeissi Letter in an X post on Monday, citing Bank of America data. “Year-to-date, gold funds have attracted a record +$148 billion in annualized inflows.”