Gold continued its year-end bounce following a big post-election sell-off, rising 2.6% for the week and 3.9% from its December low. Gold mining ETFs (GDX and MNRS) were among the top performers for the week. Platinum and Palladium also posted big gains with ETPMPD and ETPMPT rising 9.0% and 4.6% respectively.
The Australian dollar has rebounded 1.3% since the final trading day of 2016, edging back above US 73c.
The Australian ETF market saw inflows of A$26m and outflows of A$71m from domestically domiciled ETFs. The biggest inflow was into cash (AAA), whilst the biggest outflows were from financial sector ETFs (QFN and OZF), which had both returned in excess of 8% over the past month.
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