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Bank of America: Gold funds see the largest weekly inflow in history.
On October 24, Jin10 reported that Bank of America cited EPFR data stating that as of the week ending Wednesday, gold funds saw an inflow of $8.7 billion, marking the largest single-week inflow in history, bringing the total inflow over the past four months to $50 billion, surpassing the total inflow for the previous 14 years. On Monday, spot gold rose to a record high of $4,381.21 per ounce and then retreated as investors took profits and momentum trading positions were closed.