Gold ETF Surge Highlights Prospects for ‘New Bull Run’: ChartBy
Investors can’t seem to get enough gold. Holdings in SPDR Gold Shares, the world’s biggest exchange-traded fund backed by the metal, posted the biggest gain since 2009 on Tuesday. The rise in ETFs and prices trading at a two-year high underscore UBS Group AG’s view that bullion is probably at the beginning of its next bull run, as investors spooked by the U.K.’s Brexit vote snap up haven assets.
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