SPDR Gold Shares, known by its ticker symbol GLD, has added 10.54 metric tons to its gold holdings this month through Wednesday, boosting its total to 803.7 tons. Net inflows for the year total $255 million.
One thing not covered in the article: Total selling by bullion-backed funds was something like 869.1 metric tonnes of gold last year. If bullion-backed funds buy 150 metric tonnes this year -- which I think is very possible -- then that's a shift in global supply/demand for gold of more than a thousand metric tonnes.
And that is a big deal.
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