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Benzinga

Business

Rishabh Mishra

Gold Assets Sparkle: GLD Sees Highest Volume In 12 Years, Surpassing Mag 7 As Yellow Metal Soars Nearly 57% In A Year

Gold GLD ETF Kobeissi Dow Jones silver

Gold

Gold-backed exchange-traded funds are experiencing unprecedented demand, highlighted by the SPDR Gold Shares ETF recording its second-highest trading volume ever on Thursday, Oct. 9th.

The fund saw an astonishing $12.5 billion in volume, a level not witnessed since 2013, indicating a massive surge in investor interest in the yellow metal.

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