Gold ETFs See First Net Inflows Since Rout Began

Authored by Simon White, Bloomberg macro strategist,

In a sign of some confidence returning to the market, on Thursday gold saw the first positive net inflows into the largest ETFs since the selloff began on October 21.

The $4,000 level in gold is holding again today, just, as the metal tries to find its feet after its euphoric rise and stomach-churning fall over the last 10 days.