Gold-backed ETF at Nairobi bourse gets global rally boost

gold (5)

Investors in the gold-backed exchange traded fund at the Nairobi Securities Exchange (NSE) enjoyed a big increase in the value of their holdings last year following a sharp rise in the global price of the precious metal.

Gold at NSE is traded under the Absa New Gold exchange traded fund (ETF) whose price is derived from real-time value of gold in the world markets.

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