Gold ETP Holdings Increase Most in Four Months Amid Haven Demand
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Investors bought gold through exchange-traded products at the fastest pace in more than four months as Greece’s financial woes revived demand for the metal as a haven.
Global assets in the ETPs rose by 6.3 metric tons last week, the biggest addition since Feb. 6, data compiled by Bloomberg show. Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an statement.