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
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
