Golden Opportunities Abound: Investors Flock to Physically Backed Gold ETFs
In a remarkable display of investor confidence, physically backed gold exchange-traded funds (ETFs) worldwide have just recorded their fifth straight month of inflows, with a substantial $1.4 billion pouring in during September alone. Notably, the majority of this investment activity was centered in North America, where investors sought to capitalize on the allure of gold as a safe-haven asset. Meanwhile, Europe stood out as the sole region to experience a decline in investment, although the outflows were relatively modest.
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