The significant inflows were led by a 75% increase in UK-listed ETFs, on the back of Brexit concerns and currency weaknesses, says the council.
SINGAPORE (Aug 13): Global demand for gold-backed Exchange Traded Funds (ETFs) hit a six-year high in 2Q19 ended June, growing 67.2 tonnes to hit 2,548 tonnes.
Year on year, gold-backed ETF demand was double from the 33.8 tonnes bought in 2Q18, according to the Gold Demand Trends report for 2Q19 which was released on Aug 1 by the World Gold Council.
