Investors turn to gold amid stockmarket volatility

Gold price hits six-month highs

Anna Fedorova
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Increasing investment in gold-backed ETFs
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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...

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