Many investors think gold is likely to hold or increase its value as the fallout from the coronavirus outbreak devalues other assets.
LONDON: Gold-backed exchange traded funds (ETFs) added 623 tonnes of the metal worth $34 billion to their stockpile from January to May, exceeding in five months every full-year increase on record, the World Gold Council said on Thursday.
In May alone, the increase was 154 tonnes, it said.
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