Financial Insights That Matter
The precious metal continues to shine as investors look to diversify equity and bond portfolios amid geopolitical tensions and market volatility, says analyst
RECORD-HIGH gold prices in 2024 have fuelled investment appetite for physically backed gold exchange-traded funds (ETFs) in Singapore.
SPDR Gold Shares, the only gold ETF on the Singapore Exchange (SGX), was the top-traded ETF on the local bourse last year in terms of the average daily trading value. It is also the largest bullion-backed ETF globally.
According to SGX data, the counter saw some S$3.1 million changing hands on average each day, overtaking the Lion-OCBC Securities Hang Seng Tech ETF and SPDR Straits Times Index (STI) ETF.
Copyright SPH Media. All rights reserved.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.