Gold ETF demand surges

Investments in gold exchange-traded funds grew sharply in the third quarter, helping stem a fall in global gold demand

Investments in gold exchange-traded funds rose sharply in the third quarter, helping stem a fall global in gold demand.

Demand gold ETFs rose to 136 tonnes in the third quarter, up 56% from the same period a year earlier, as investors used the funds to protect against drops in the value of money amid quantitative easing, according to figures published Thursday by the World Gold Council.

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