Gold ETFs Reached Highest Level Since 2022 as Market Rout Struck
PositiveFinancial Markets

Investor holdings in physically-backed gold exchange-traded funds (ETFs) have surged to their highest level since 2022, indicating a strong interest in gold as a safe haven amidst market volatility. This uptick comes at a time when bullion experienced its largest single-day drop since 2013, highlighting the contrasting dynamics in the market. The rise in ETF holdings suggests that many investors are turning to gold to hedge against uncertainty, making this trend significant for both the gold market and broader investment strategies.
— Curated by the World Pulse Now AI Editorial System