New products seek to capitalise on gold demand
As the gold price remains close to record highs amid market uncertainty, two more products linked to the metal will soon hit Asian markets, from Invesco and the Singapore Mercantile Exchange.
Gold has always been a safe haven in times of turmoil and volatility, and it's certainly been playing that role in recent weeks. The price closed at $1,214.14 an ounce on Friday, rallying for a fifth consecutive day and after climbing $36.24, or 3.1%, in May and 10.9% year-to-date.
And the World Gold Council (WGC) -- set up by mining companies to stimulate and sustain demand for the metal -- believes demand will continue to rise.
US asset manager Invesco and the Singapore Mercantile…
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