Can Gold Maintain its Winning Streak?

Global investors have funnelled a staggering $33.7 trillion into gold ETFs year to date as the pandemic took hold - we look at gold's prospects and how to invest in it

Holly Black 15 June, 2020 | 9:10AM

gold

Investors have poured record amounts of money into gold funds in the wake of the Covid-19 crisis as a global stock market sell-off prompted a flight to safe haven assets.

Inflows into gold exchange-traded funds (ETFs) in the first five months of 2020 have already topped the records for any full calendar year on record, according to the World Gold Council.
Globally, investors have funnelled a staggering $33.7 trillion into gold ETFs year to date, equivalent to 623 tonnes of the precious metal. That far eclipses the previous record of 591 tonnes added to portfolios in 2009 as a whole.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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