While the capital markets expect the Fed to wind down its policy tightening, fears of a recession are still swirling. This continues to feed inflows into funds like SGDM, a gold ETF. Recession fears have been pushing up bond prices, which conversely, drives down yields. Rising inflation continues to apply downward pressure on the U.S. dollar. Both these factors are serving as catalysts for gold ETFs, according to the World Gold Council (WGC) via the Gold Hub. “Continued gold price strength sustained positive flows into physically-backed gold ETFs , albeit at a slower pace than March,” the Gold Hub blog post noted. ... (full story)