State Street Global Advisors sees healthy demand for gold and investors are getting younger
The firm's latest gold investment study, published Monday, showed that investors have become a lot more tactical in their investment strategy, opting for low-cost precious metals products. State Street's latest study was published in recognition of the fifth anniversary of the launch of SPDR Gold MiniShares Trust .
Currently, the mini-ETF holds 100.58 tonnes of gold with inflows of 12 tonnes so far this year. The world's largest ETF, SPDR Gold Shares , has seen inflows of 9.46 tonnes of gold year-to-date. According to the survey results, 20% of U.S. investors currently have gold in their portfolios. Among these investors, the average gold allocation is 14% of portfolio assets, and 47% hold gold ETFs.
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