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‘Nervous’ Investors Pile Into Gold ETFs

  • Xetra-Gold’s shares outstanding reach record 177 million
  • Bullion holdings in ETFs extend gain to highest since 2013
A Gold Bullion Dealer As Bitcoin's Nouveau Riche Run To The Metal As Cryptocurrency Crashes
Photographer: Luke MacGregor/Bloomberg
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Anxious investors from Germany to China are seeking shelter in gold ETFs.

Holdings in all bullion-backed exchange-traded funds tracked by Bloomberg extended their ascent to the highest since 2013, rising for a fourth straight session in the longest run since January. Xetra-Gold, the third-largest commodity-linked ETF, had almost 177 million shares outstanding as of Monday, the most since the Frankfurt-listed fund started trading in 2007.