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Markets in Turmoil Spur Biggest Gold ETF Purchases in a Year

  • Sliding equity and commodity markets fuel gold's rise in 2016
  • Central banks' purchases boosting demand for physical gold
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It’s been a scary start to 2016 for global markets, and investors are responding by buying more gold than anytime in the past year.

In the past five days, investors bought 26.8 metric tons of bullion through exchange-traded products backed by the metal, the most since January 2015, according to data compiled by Bloomberg. Gold is one of the few commodities doing well, with prices up 1.3 percent so far this year.