| After three years of losses, the first half of 2016 brought unparalleled gains for gold ETFs. The metal was on a tear on safe haven demand and dovish central banks across the developed economies to ward off growth issues.
A rush to safety for the most part of 1H16 were triggered by the Chinese market upheaval, a 12-year low oil price in the first quarter and a major event like Brexit at the end of the second quarter. Almost the entire world speculated the deepening of global growth worries as a fallout of Brexit. As a result, risky assets fell out of investors’ favor and safe haven assets like gold gleamed...............................................Full Article: Source
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