Gold-backed ETFs are on pace for a record haul in a year that’s seen some funds tracking oil futures founder. Investors have poured unprecedented amounts of cash into gold exchange-traded funds, with inflows totaling $16.8-billion in less than five months and set for a record year, according to data compiled by Bloomberg. State Street’s $62-billion SPDR Gold Shares, ticker GLD, has taken in nearly $12-billion in 2020, ranking it third for worldwide ETF inflows behind two equity-focused funds.
