Gold has rallied to the highest level since December 2012 as the coronavirus pandemic stokes worries about a global recession, pushing gold-backed exchange-traded funds to new highs. Photo: AP Gold has rallied to the highest level since December 2012 as the coronavirus pandemic stokes worries about a global recession, pushing gold-backed exchange-traded funds to new highs. Photo: AP
Gold has rallied to the highest level since December 2012 as the coronavirus pandemic stokes worries about a global recession, pushing gold-backed exchange-traded funds to new highs. Photo: AP

Fund managers want retail investors to embrace gold-backed exchange-traded funds as yellow metal hits 7-year high

  • State Street will reduce the lot size of SPDR Gold Shares in Hong Kong from April 24 to ease access the fund
  • Gold has risen 13 per cent this year, beating US Treasuries while global stocks crashed amid recession threats

Topic |   Investing
Gold has rallied to the highest level since December 2012 as the coronavirus pandemic stokes worries about a global recession, pushing gold-backed exchange-traded funds to new highs. Photo: AP Gold has rallied to the highest level since December 2012 as the coronavirus pandemic stokes worries about a global recession, pushing gold-backed exchange-traded funds to new highs. Photo: AP
Gold has rallied to the highest level since December 2012 as the coronavirus pandemic stokes worries about a global recession, pushing gold-backed exchange-traded funds to new highs. Photo: AP
READ FULL ARTICLE