Market volatility spiked gold in February - WGC Report
Gold is a hot commodity as the world markets cool.
Global gold-backed exchange-traded funds (ETFs) had $4.9 billion or 84.5 tonnes of net inflows in February. That boots holdings to new all-time highs of 3,033 tonnes, the World Gold Council (WGC) reported Thursday.
Combined with a gold price increase of nearly 2%, assets under management (AUM) grew by 4.4% during the month, topping the previous September 2012 record high, according to the WGC.
At that time, the gold price was 10% higher than current levels, highlighting two trends: The global growth in gold ETFs outside of the US; and that US investors have not yet increased their gold allocations as much as they did in 2012.
Tags: Eastern Canada / Product News / Gold / All Articles
July 11, 2020
2020 ushers in Barrick Hemlo 2.0
July 10, 2020
Probe Metals Expands its Detour Quebec Package with agreement with Midland Exploration
July 10, 2020
NEWMONT steps up during pandemic
July 11, 2020
2020 ushers in Barrick Hemlo 2.0
July 10, 2020
Probe Metals Expands its Detour Quebec Package with agreement with Midland Exploration
July 10, 2020
NEWMONT steps up during pandemic
