Quite a few people have been more concerned about rising inflation since the beginning of the pandemic. This is also noticeable on the stock market.
The gold treasure kept by Deutsche Börse for investors has grown to a record 233 tons. The demand for the precious metal has recently been high, in the first half of the current year 16 tons of gold were added, as the stock exchange announced on Monday in Frankfurt.
For every share in the so-called Xetra Gold bond that investors purchase, Deutsche Börse puts one gram of gold in its vault. These gold holdings currently have a total value of 11.2 billion euros. The Stuttgart Stock Exchange also offers a gold-based exchange-traded security (“Euwax Gold”).
“We see increased demand from institutional and private investors alike,” said Michael König, Managing Director of Deutsche Börse Commodities GmbH, the issuer of Xetra-Gold. For some time now, investors have been putting more money into gold investments, partly because of concerns about a further rise in inflation.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
