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Gold reserves near 3,000 tonnes
Finance
- 13 January, 2020
- 06:46
In 2019, the gold in the international funds amounted to $141 billion, up 37% from 2018, Report informs citing ‘Global gold-backed ETF holdings and flows 2019’ of the World Gold Council (WGC).
According to the data, gold reserves increased by 400 tonnes to 2,881 tonnes in 2019, hitting a new record high in the history of gold.
In 2019, global uncertainties and trade wars directed the investors to the gold as a ‘safe port.’
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