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Goldplat plc

Gold ETFs Rally As Demand Jumps

Treasury bonds aren’t the only safe havens rallying this year. As trade war and global growth concerns have continually flared throughout the year, another safety play is doing just as well: gold. Prices for the yellow metal currently hover near $1,450/oz, a level not seen in six years.

Investors have taken notice. The SPDR Gold Trust (GLD), the $38 billion gold ETF, is up 12.5% so far this year and has taken in $1.7 billion in fresh cash from investors. The No. 2 gold ETF on the market, the iShares Gold Trust (IAU), has taken in $1.3 billion in the same period.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.