.jpg)
Global gold-backed ETF holdings soar to $268bn in value
German technology group Hereaus finds in its latest precious metals appraisal that gold continues to enjoy strong support from institutional investors and price increases invoked by uncertainty on tariff changes likely to be implemented by the US. The company reports that US President Donald Trump’s 25% tariff on automotive imports into the US has helped push spot gold to an all-time high price of $3 087/oz last week.
German technology group Hereaus finds in its latest precious metals appraisal that gold continues to enjoy strong support from institutional investors and price increases invoked by uncertainty on tariff changes likely to be implemented by the US.
The company reports that US President Donald Trump’s 25% tariff on automotive imports into the US has helped push spot gold to an all-time high price of $3 087/oz last week.
