ETFs amassed more gold in five months than in any previous full year- WGC
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LONDON (Reuters) - Gold-backed exchange traded funds (ETFs) added 623 tonnes of the metal worth $34 billion to their stockpile from January to May, exceeding in five months every full-year increase on record, the World Gold Council said on Thursday. In May alone, the increase was 154 tonnes, it said. Many investors think gold is likely to hold or increase its value as the fallout from the coronavirus outbreak devalues other assets. Gold prices are up 13% this year at around $1,700 an ounce...