Gold settled on Thursday at $4,176.69, down 0.44% on the day. Not a huge move. But that’s not what got traders’ attention.
The U.S. Gold Fund (GLD) – the most widely traded gold ETF – fell by a much steeper 2.1%, a gap of more than 1.6 percentage points to the physical metal.
That kind of divergence is rare and meaningful.
This post originally appeared at Money Morning.