Geopolitical uncertainty and expectations that the Federal Reserve will eventually lower interest rates this year continue to support investment demand in gold-backed exchange-traded funds (ETFs), according to the latest data from the World Gold Council (WGC). In its monthly ETF report released Tuesday, the WGC said global gold-backed ETFs saw inflows of 74.6 tonnes, valued at $7.603 billion, completely reversing May’s outflows. The rise in gold demand was primarily driven by North American funds. “Spiking geopolitical risks amid the Israel-Iran conflict boosted investor demand for safe-haven assets and supported ... (full story)