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Gold is becoming more mainstream, with perceptions of the precious metal changing substantially. Since 2001, investment demand for gold worldwide has grown, on average, at 14 per cent per year.This has been driven in part by the arrival of new ways to access the market, such as physical gold-backed exchange-traded funds (ETFs), but also by the expansion of the middle-class in Asia, and a renewed focus on effective risk management following the 2008—09 financial crisis in the US and Europe.Today, gold is more relevant than ever for institutional investors.While central banks in developed market…
