from Kitco NEWS
The gold market saw unprecedented investment interest, with inflows into gold-backed exchange-traded-products rising 300% in the first quarter of 2020 compared to levels seen one year ago. Juan Carlos Artigas, director of investment research at the World Gold Council, said that ETF investment demand has room to grow further as the yellow metal establishes itself as a global asset.
“When you look back 10 or 15 years ago [ETFs were] very much a North American phenomenon. Well this time around, it’s truly a global phenomenon and you saw quite healthy inflows from all regions. So it’s all investors using gold as a way to protect and hedge their portfolios,” he said.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?r…
Twitter – https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490…
StockTwits – https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today…
Live silver price and charts: http://www.kitco.com/silver-price-tod…
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscriptio…
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.