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.
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