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Frankfurt / Main (dpa) - The gold holdings of investors at Deutsche Börse have decreased slightly after the record high in the first half of 2020.

At 216.9 tons, at the end of December there were still 13.7 tons more of the precious metal in the company's vaults in Frankfurt than at the beginning of the year, as the stock exchange announced on Tuesday.

As of June 30, 2020, the record value of 221.7 tons of gold had been reached.

As a result, some investors took advantage of the soaring price of gold in the meantime to reap profits or shift funds into stocks.

In July, the gold price had exceeded its nearly a decade old record.

At 1944.71 US dollars, the troy ounce (31.1 grams) cost more than ever before.

New gold is always added to Deutsche Börse's holdings when investors purchase what is known as the Xetra gold bond.

One gram of the precious metal is deposited for each unit certificate.

At the end of last year, these gold holdings had a total value of 10.7 billion euros.

The Stuttgart Stock Exchange also offers a gold-based exchange-traded security (“Euwax Gold”).

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The precious metal is considered a safe haven for investors in turbulent times.

In addition, savings accounts or overnight money have hardly brought in anything for a long time because of the extremely low interest rates.

Investments in gold that generates neither interest nor dividends are therefore still attractive for savers.

Press releases Deutsche Börse

Deutsche Börse announcement on the status of the first half of 2020

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Information on "Xetra-Gold"

Information on "Euwax Gold"