Xetra-Gold, Europe's leading gold-backed security, celebrates its 10th anniversary. Frankfurt Stock Exchange's trading opened today by the ringing of the stock exchange bell in honour of the occasion. After a recent significant rise in demand for gold on the part of private as well as institutional investors, currently more than 170 tonnes of Xetra-Gold valuing over €6 billion are stored in the German central vault for securities in Frankfurt. That figure stood at 59.25 tonnes at the start of 2016.
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