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Gold-backed Exchange Traded Funds saw best year since 2009, says World Gold Council

Last year saw demand for safe-haven gold surge on the back of political and economic uncertainty.
Alistair Hewitt, head of market intelligence at the World Gold Council, tells Proactive that demand increase was largely down to "huge institutional flows that were channeled into gold-backed ETFs (Exchange Traded Funds).
Such ETFs had their best year in 2016 since 2009, he explains.

 
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