Inflows to gold-backed ETFs likely to continue: Standard Chartered

摘要

London—The market is likely to see continued inflows across gold backed ETFs, given the desire to hold allocated physical gold, Standard Chartered Bank global research precious metals analyst Suki Cooper told S&P Global Platts. “The pattern in buying has been keeping with past trends that we have seen in gold ETFs,” Cooper said. With global coronavirus cases exceeding the 1 million mark, some 6.65 million US workers applying for unemployment benefits and the protracted affect COVID-19 is having on the global economy, inflows into gold ETFs continued strongly throughout the week.