The UK has the second highest gold ETF holdings in the world, new research has found.

Physically-backed gold exchange-traded funds (gold ETFs) are an important source of gold demand and the UK was found to have the second highest number of holding across the map, only beaten out by the USA.

ETFs can conveniently be traded through stock exchanges such as stocks, providing investors with efficient ways to gain exposure to the UK market.

As a result, the UK has accumulated 595 tonnes in gold ETF…