by Steve St. Angelo
The spike in the gold price during the holiday weekend triggered a record ONE-DAY surge in mainstream investor gold demand. Investors in the West watched over the fourth of July holiday weekend as the gold price continued higher on early morning trading on Monday. By the time gold opened on Tuesday, the price was already $15 higher.
Mainstream investors who thought the gold price may come under pressure at Tuesday’s market open, were caught by surprise as the yellow metal continued to rally even higher. This caused a massive one-day surge in mainstream investor Gold ETF’s and Fund demand. How much gold flooded into Gold ETF’s and Funds on July 5th? Take a look at the chart below: