Xetra-Gold exceeds 10 billion euros mark in assets under custody
(WorldNews Germany)

The assets under custody of Xetra-Gold (ISIN: DE000A0S9GB0) exceeded the 10 billion Euro mark for the first time. The physical holdings of the Gold ETC, which are deposited in the central vault for German securities in Frankfurt, are currently 209.98 tonnes. This means an increase of 6.39 tonnes since the beginning of the year. `The new record corresponds to the increased gold price, but also to a very strong demand`, explains Steffen Orben, Managing Director of Deutsche Börse Commodities GmbH, the issuer of Xetra-Gold. `With the continuing uncertainty and significant rises on the stock markets, institutional as well as private investors have increased their gold holdings for hedging...