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Source: https://www.mining.com/web/gold-backed-etfs-end-record-2020-with-second-month-of-outflows/
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Exchange traded funds (ETFs) storing gold for investors shrank for a second month in December, but nevertheless grew more than ever before in 2020 thanks to massive stockpiling earlier in the coronavirus outbreak, the World Gold Council said on Wednesday.
Gold is traditionally used as a safe store of wealth, and investors rushed to hoard it as the pandemic swept through the global economy.
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Exchange traded funds (ETFs) storing gold for investors shrank for a second month in December, but nevertheless grew more than ever before in 2020 thanks to massive stockpiling earlier in the coronavirus outbreak, the World Gold Council said on Wednesday.
Gold is traditionally used as a safe store of wealth, and investors rushed to hoard it as the pandemic swept through the global economy.
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