DGold stocks at Deutsche Börse rose to a record at the end of June. As the exchange operator announced on Thursday, the holdings from the Xetra-Gold bearer bond have increased by 18.5 to 221.7 tons since the beginning of the year. The portfolio increases whenever investors buy Xetra-Gold on the stock exchange.
This is the simplest and most popular form of gold investment in Germany. According to Deutsche Börse, Xetra-Gold is the leading security in Europe, which is also physically deposited with the precious metal. Xetra-Gold’s assets under management amounted to EUR 11.3 billion at the end of June – also a record high.
Steffen Orben, Managing Director of Deutsche Börse Commodities GmbH, the issuer of Xetra-Gold, anticipates continued brisk demand for gold. “The main reason for this is the high level of uncertainty in the markets, which we believe will remain for the time being.” In addition, more and more asset managers, family offices and private investors are showing interest in gold as a separate asset class.
Xetra Gold investors can even have the securitized physical gold delivered to them. Since the introduction of Xetra-Gold in 2007, investors have used it 1220 times. According to the Deutsche Börse, a total of 5.9 tons of gold were delivered.
Due to the uncertain situation on the financial markets, the gold price has risen in the past few days. The futures contract for August exceeded the $ 1,800 troy ounce mark on Wednesday. On Thursday, the price dropped somewhat, the troy ounce was $ 1767.