Nov 13, 2019 Guest(s): George Milling-Stanley Chief Gold Strategist, State Street Global Advisors
A shift of sentiment last week to a more risk-on appetite by investors led to some selling of safe haven vehicles, including $600 million of GLD, the world's largest gold-backed ETF, but in the larger picture, holdings of gold ETFs have still increased, said George Milling-Stanley, Chief Gold Strategist of State Street Global Advisors.
"Let's put all of this into context, including that $600 million outflow that we saw last week. GLD has nevertheless, in terms of assets under management, grown $5.5 billion in the year to date," Milling-Stanley told Kitco News.