while deflationary pressures have stripped a throng of precious metals and mining stocks of their luster this year flows into certain commoditybased exchangetraded funds continue to accrue despite an uncertain global backdrop we actually saw a pop in the last couple of weeks toward commodity etfs todd rosenbluth head of research at vettafi told cnbcs seema mody on etf edge on monday rosenbluth said that engagement for precious metal commodity etfs spiked earlier in may compared with the month prior according to vettafi data the story is all about gold will rhind founder and ceo of graniteshares said monday in the same segment its the only major metal to remain firmly in the green for this year rhind said that the uptick is largely due to debt ceiling negotiations and a potential default the ongoing banking crisis still looms higher inflation and a declining dollar are also tail winds for the precious metal he said gold is really serving its purpose at the moment as a way for people to park money in a noncorrelated asset as they worry about what might happen rhind said certainly to hedge themselves against the probability of something falling out of bed with the debt ceiling flows into the spdr gold shares have exceeded 114 billion the past month according to factset the ishares gold trust iau and the spdr gold minishares trust gldm saw net inflows of 182 million and 222 million respectfully in the same period of time but as a potential deal on the debt ceiling could come as soon as this week rosenbluth suggested broadening exposure in the precious metals and mining space gold may not continue to be in favor forever rosenbluth said were also finding advisors are interested in active management within the commodity space the neuberger berman commodity strategy etf nbcm is another way to get diversified exposure to commodities