"In a tumultuous year for the gold market, investment was one of the notable positives," the report added.
Total annual gold investment hit a record 1,773.2 tonnes, 40 percent higher than in 2019, thanks to the popularity of exchange-traded funds, which allow investment outside of futures market. "Record inflows into gold ETFs clearly showed the strength of investor demand for gold worldwide at a time of heightened risk and uncertainty, ultra-low interest rates, fiscal expansion and economic slowdown," the Council said.
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