Spot gold soared to a record above US$2,075 an ounce this month. Photo: BloombergSpot gold soared to a record above US$2,075 an ounce this month. Photo: Bloomberg
Spot gold soared to a record above US$2,075 an ounce this month. Photo: Bloomberg

Gold’s sterling run generates windfall for ETFs, benefits trickle down to banks and security firms

  • ETFs have bought more than US$50 billion of bullion this year
  • The fees trickle down to banks and security firms responsible for storing hundreds of billions of dollars worth of gold and silver

Topic |   Commodities
Spot gold soared to a record above US$2,075 an ounce this month. Photo: BloombergSpot gold soared to a record above US$2,075 an ounce this month. Photo: Bloomberg
Spot gold soared to a record above US$2,075 an ounce this month. Photo: Bloomberg
READ FULL ARTICLE