World ETF (Exchange Traded Funds – stock investment funds) After three months of gold outflow in May showed a flow of 61.3 tons – $ 3.4 billion, counted the World Gold Council (WGC).
According to the organization, this is a reflection of the growth of investment demand following the increase in gold prices, as well as new concerns about inflation, weakening the dollar and reducing real returns, writes Interfax.
In total, in the first 5 months of the year, world ETF lost 133.6 tons of gold by $ 7 billion. At the end of May, the volume of gold in the world ETF amounted to 3 thousand 628.4 tons of $ 221.9 billion
In early June, gold prices updated a 5-month maximum. The cost of August futures rose to $ 1918.6 per ounce. In May, the Dragmetall has risen in price by almost 8%, which has become the most significant monthly increase in the price since July last year.