Image:
Increasing investment in gold-backed ETFs
Investors were attracted by gold in December as volatility in global stockmarkets drove bearish sentiment.
According to Scotiabank, holdings of gold-backed ETFs rose by 2.25m ounces in September, which helped to drive the price of the shiny metal to six-months highs above $1,290 per troy ounce. According...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
