Gold ETF stores bullion for investors and has a stake to demand a significant amount of precious metal, which on Monday reached a high -level high of 95 2,956.15 per troy Ounce Ts.
The Gold ETF saw the flow of 52.4 metric tonnes last week, the largest amount of the first week of March 2022, while global markets were struggling with the immediate consequences of Russia’s invasion of Russia in Russia.
This increased their total holding 1.6% to 3,326.3 tonnes, the largest after August, 2023.
US-Listed Funds led the flow with 48.7 tonnes last week. For comparison, they saw a flow of 6.3 tonnes in January.
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(Reporting by Polina Davit; Edit by Tomaz Janosky)
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