ETPs 'transform gold investment'

SINCE the start of 2016, assets in European gold-backed exchange traded products (ETPs) have grown rapidly, hitting a record high of 1121.4 tonnes valued at $48 billion in the first quarter of 2019.
ETPs 'transform gold investment' ETPs 'transform gold investment' ETPs 'transform gold investment' ETPs 'transform gold investment' ETPs 'transform gold investment'

Staff Reporter

The World Gold Council says that now accounting for 45% of the global gold-backed ETP market, "they have transformed gold investment in Europe".
 
"So, what has caused this surge in demand for gold-backed ETPs in Europe? We summarise the three broad factors which explain this surge in demand for gold-backed ETPs in Europe:
 
• Loose monetary policy and negative yields: The warning lights have been flashing for some time: the global and European economy is slowing.
 
• Geopolitical uncertainty: Political uncertainty across the continent is also front and centre of investors' minds.
 
• Financial market performance and volatility: Over the past three years, European equity market performance has lagged that of other major western markets
 
"Looking ahead, it's likely these factors will underpin demand in 2019 and beyond," the WGC said.

 

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