World Gold Council Reports Growing ETF Gold Holdings Amid Strong Western Demand
Thursday, 5 September 2024, 06:16
Gold ETF Demand Grows in August
The World Gold Council recently announced that ETFs accumulated another 29 tonnes of gold in August 2023. This influx brought aggregated ETF holdings to a total of 3,182 tonnes. Such significant growth indicates a strengthening interest in gold investments, especially from Western markets.
Western Markets Influence
- Western demand continues to propel ETF investments in gold.
- The geopolitical climate and inflation concerns drive investors towards gold as a safe-haven asset.
- ETFs are becoming increasingly popular as they provide an accessible method for investors to gain exposure to gold.
Given the current economic landscape, the attractiveness of gold as a stable investment is clearer than ever.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.