SINGAPORE (Apr 30): Global demand for gold-backed Exchange Traded Funds (ETFs) hit an all-time high of 3,185 tonnes in 1Q2020 ended March as more investors turned to the safe-haven asset in the wake of the Covid-19 pandemic.

This brings ETF assets under management (AUM) to a record high US$23 billion ($32.4 billion), the World Gold Council (WGC) reported in its 1Q20 Global Demand Trends report published on Thursday.

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