Apac: demand for gold-linked products rises as total volumes drop

Gold was Apac’s third-most popular underlying in the July to September period this year, with products linked to the precious metal raising a sales volume of almost US$4.4 billion. This amounted to a market share of over six percent, up from less than three percent in the second quarter this year, according to SRP data. The data includes retail, flow and other products. Gold prices have been on a drastic upward trend in the second half of 2019 amid lingering economic uncertainties prompte