Gold ETFs hit new highs as currency fears proliferate

Rebecca Hampson
13 Jul 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Global Investment in physically backed gold exchange-traded funds (ETFs) reached record highs of $80 billion in June. SPDR Gold Shares, the US ETF, boasted more than $50 billion in assets in the same month.

“Investors are turning from the euro and other currencies to gold because they want somewhere safe to put their funds,” says Nicholas Brooks, head of research and investment strategy at ETF Securities in London. “We have seen incredibly strong flows over the last few months – even stronger

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]