Investors have flocked to the metals on surging demand for havens amid a resurgence in virus cases.
Gold’s recent breakout raised prospects that it could set an all-time high soon.
Gold extended its sell-off to the biggest one-day drop as investors sold the metal to cover margin calls.
After surging 18% last year, gold has extended its rally in 2020, with prices the highest since 2013.
Gold is closing in on a seven-year high as fears grow over the coronavirus and the global economy.
The latest influx into bullion-backed ETFs follows four straight years of inflows.
Many commodities, many moving parts and many prognostications.
January is historically gold’s best month, and it got a boost from the U.S. airstrike in Iraq.
The yellow metal is up about 18% this year.
Bullion has climbed 18% in 2019 as the U.S.-China trade war hurts global growth and central banks loosen policy.
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