Definition
Exchange-traded funds (ETFs) that hold physical gold in vaults, letting investors own gold through a brokerage account.
The story
Each share represents a slice of the fund's gold. When investors pour money in, the fund buys more gold; when they pull out, it sells. The World Gold Council tracks these flows as a measure of investor demand.
Why markets watch it
ETF flows are a widely watched measure of investor demand for gold.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms