March data on the Gold ETFs published by the World Gold Council this week showed a continuous high interest interest among ETFs investors, says CommerzBank Commodities analyst Carsten Fritsch.
Uncertainty about US Tariffs promotes the demand for investors
“According to the data, there were net tickets of 92 tons last month. This was almost as much as in February, when the strongest monthly tickets were recorded in almost three years. The WGC attributes this to the price increase and the uncertainty caused by the US tariff policy years.”
“The largest entries were registered by ETFs listed in the US End of March. “
“The significant increase in the price of gold also assured that the increase in terms of value in the first quarter was the second strongest in history, surpassed only by the increase in the second quarter of 2020. ETFs demand was, therefore, a key engine of the 19% increase in the price of gold in the first quarter.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
