Against the backdrop of the staggering growth of inflows into gold-backed ETFs globally, the Chinese gold-backed ETF(exchange traded fund) market became the main driver of the 14.3 metric tons of growth of Asian-listed funds in the third quarter, and Chinese gold reserves have grown for 10 months in a row since last December, reports said. "Assets under management in Chinese gold-backed ETFs reached a record high of about 50 tons, as investors were attracted by the gold price rally," said Wang Lixin, managing director of World Gold Council China. Since resuming purchases in December 2018, Chinese gold reserves ... (full story)