Investors turn to gold amid stockmarket volatility

Gold price hits six-month highs

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

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.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Commodities

Image: The latest market news and analysis

Market Movers: Fed poised for another historic rate hike

Potential rate hike of 100 bps

clock 25 July 2022 • 1 min read
Partner Content: Commodities - An effective hedge against inflation

Partner Content: Commodities - An effective hedge against inflation

Commodity prices are set to remain elevated yet the mining sector continues to be undervalued, says Capital Group’s Lisa Thompson

Capital Group
clock 07 June 2022 • 1 min read
Ukraine crisis panel: Investment experts respond to key questions

Ukraine crisis panel: Investment experts respond to key questions

Global challenges

clock 10 March 2022 • 1 min read