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Gold investment demand in China spurs ETF inflows and new products

The metal has emerged as one of 2016's best performing assets with gains of 18%

Published Tue, Apr 12, 2016 · 09:50 PM
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Shanghai

GROWING confidence in gold's price rally is underpinning investment demand for the metal in top consumer China, driving inflows into bullion-backed funds and prompting financial institutions to launch new products in the country.

Gold, seen as a safe-haven investment, has emerged as one of the best performing assets this year with gains of 18 per cent amid fears over the health of the global economy and waning expectations of US interest rate hikes.

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