Gold ETF inflows net positive for third straight week

Gold is a shiny metal that many people like to keep because it feels safe to own.

Some people invest in gold through special funds called gold ETFs, which hold real gold.

Last week, more money went into these gold funds than came out of them.

That is the third week in a row this has happened.

Gold prices also went up a lot last week, by about 6.6 per cent.

This happened because fewer people found jobs in the United States than expected, so experts think the US central bank may not raise interest rates as much.

Investors in the US, China and the United Kingdom bought the most gold, while some investors in Canada sold some of theirs.

This year so far, gold investors have put in much more money than they have taken out.

Even though gold is worth less than it was at its highest point this year, many people still see it as a safe place to keep money when the world feels uncertain.