According to the World Gold Council, gold-backed exchange traded funds saw almost 72 tons of inflows last month, exceeding their total for all of 2018, as investors continued to dive into gold investments.
“Investors have consistently bid up stocks and pushed volatility lower on the assumption that the Fed is on hold,” said BlackRock. “For volatility to remain this low will require a Goldilocks-like combination of modest but solid growth with a Fed content to leave rates where they are. Any other scenario is likely to see volatility rise, traditionally when gold really adds value.”
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