Gold Funds at Highest Since '14 as Investors Seek Shelter: ChartBy
A storm is threatening and risk-averse investors want some shelter. Figures on Monday showed global holdings in gold-backed exchange-traded products have now surged to the highest level since Oct. 1, 2014 at 1,682.6 metric tons. Spot bullion prices have rallied 15.5 percent this year on concern that global growth is slowing, while a gauge of global equities has sunk 6.5 percent.
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