Gold ETFs globally are riding high on the COVID-19-induced economic decline, and a struggling US dollar that have sparked a rush to invest in safe-haven assets.
Falling oil prices as a fallout of shrinking demand, low-interest rates on fixed income instruments, and accelerating inflation are some of the fundamentals making gold a safer haven in the medium to long-term.
Some early signs of this that the so-called gold-backed exchange-traded funds () such
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Stephen Onyekwelu
Stephen Onyekwelu is BusinessDay’s Strategy & Enterprise Delivery Executive, specialising in turning editorial vision into enterprise outcomes. A former Online News Editor and lead of the Go Local initiative (print, podcast & BDTV in partnership with Providus Bank), he blends investigative storytelling with platform strategy, conference design, and cross-functional delivery.
