The gold holdings of the German stock market rose at the end of June to a record. How the stock exchange operator announced on Thursday, have increased the stocks from the bearer bond Xetra-Gold since the beginning of the year to 18.5 to 221,7 tons. The stock increases if investors buy at the stock exchange, Xetra-Gold.
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This is the in Germany, the easiest and most popular Form of gold investment. According to Deutsche Börse, Xetra-Gold is Europe's leading securities, which will also be deposited physically with the precious metal. The managed assets of Xetra-Gold amounted at the end of June to 11.3 billion euros, also a record.
With a continuing brisk demand for Gold Steffen Orben, managing Director of Deutsche Börse Commodities GmbH, the Issuer of Xetra-Gold is expecting. "The main reason is the high uncertainty in the markets remains, in our view, it is." Add to this that more and more asset managers, Family Offices and private investors are showing interest in Gold as a separate asset class.Chart-Gold 1 year of Gold -- -- (--) Deutsche Bank Citigroup Forex vwdForex vwdForex vwdForex vwdCrossratesCrossratesCrossratescrossratescrossratescrossratescrossrates 1T 1W 3M 1J 3J 5J For detail view
Xetra-Gold investors of the securitized physical Gold to deliver. Since the introduction of Xetra-Gold in the year 2007, the investors of 1220 would have made changes use. Were delivered according to the German stock exchange a total of 5.9 tonnes of Gold.
Due to the uncertain situation on the financial markets, the price of gold is in the last days increased. The futures contract for August exceeded on Wednesday the mark of $ 1,800 per Troy ounce. On Thursday, the price fell slightly, the Troy ounce cost of 1767 dollars.XETRA-Gold -- -- (--) Xetra tradegate Stuttgart, London, Frankfurt, Deutsche Bank 1T 1W 3M 1J 3J 5J For detail view Date Of Update: 02 July 2020, 18:19