Gold ETFs surge more than 100 t in August as havens in vogue

Investors are going for gold in a big way. Inflows into bullion-backed exchange-traded funds topped 100 t in August to hit the highest since February 2013 as the trade war worsened, risk assets took a knock, and central banks signaled looser monetary policy. Holdings rose 101.9 t, bringing total known assets to 2 453.4 t as of Friday, according to data compiled by Bloomberg. It was the third straight monthly increase after the addition of a combined 154.1 t in June and July.