Gold’s faring extremely well as a haven asset, with inflows into exchange-traded funds (ETFs) hitting 1 000 t since holdings bottomed in early 2016 after a prolonged unwind in the wake of the global financial crisis. Total known ETF holdings expanded to 2 424.9 t on Wednesday, the highest since 2013, following inflows over the past three years and a continued build-up in 2019, according to data compiled by Bloomberg. Current assets are about 1 000 t higher than the post financial crisis nadir of 1 425.1 t.
