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Inflows into gold-backed ETFs continue

Global gold-backed exchange-traded funds (ETFs) enjoyed a second consecutive month of inflows in November on the back of continuing stock market volatility, geo-political events and the under-performance of other commodities.

The World Gold Council’s report for November found that flows were positive across all regions in November, leading global gold-backed ETFs and similar products to add US$804 million (€705 million) in inflows to reach $92bn in total assets under management.

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