Investors can’t seem to get enough of exchange-traded gold funds.
In September, gold-backed ETFs and similar funds snapped up an extra 75 metric tons of the metal worth almost $4 billion, according to a report published Tuesday by World Gold Council.
The mass inflow brings the total gold held in such ETFs to a record-breaking high of 2,808 tons worldwide worth $134 billion. These funds include the SPDR Gold Shares ETF (GLD), which is the world’s largest and most liquid gold-backed fund, which grabbed 43 tons more bullion during the 30 days.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.