Gold ETF buying strongest since November 2012
Adam Pike, News Editor
5 Aug 2014, 10:22 a.m.
Gold exchange traded funds (ETF’s) experienced significant inflows in July despite the price dropping below the psychological $1,300 barrier. In July assets under management in July expanded at their fastest rate since November 2012, however, year to date holdings are down 29 tonnes.
Gold’s appeal as the ultimate safe haven asset has been boosted following the continuing violence in Palestine and the Ukraine.
Silver backed ETF’s added 4.8 tonnes last week to record their best weekly inflow since August 2013.