Gold ETFs shine on rising interest from the West
Rate cuts by central banks reducing opportunity cost of holding the precious metal
GOLD has long been a favourite among Asian investors. Now, rising interest in gold exchange-traded funds (ETFs) among investors in the West is helping the precious metal to regain its shine.
After registering net global outflows for nine consecutive quarters, gold ETFs reversed to net inflows in the third quarter of 2024, according to data from the World Gold Council (WGC).
“While flows into gold ETFs turned positive only a few months ago, this is largely because of the return of Western investors to this asset class,” explained Fan Shaokai, WGC’s global head of central banks.
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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