The company’s research team said the flows are indicative of increased investor concern over geopolitical situation including events around the Islamic State crisis in the Middle East and the continuing Ukraine crisis.
It said a ‘growing sense’ that the conflict will be a long, drawn-out affair has led investors to reach for defensive assets like gold.
Rising expectations that central banks in the UK and US appear to be approaching the point of raising interest rates is also a factor, the firm said.
Other commodities ETF’s are also seeing notably strong flows with corn the highest since March last week and wheat posting a fourteenth consecutive week of inflows.
