iShares launches physical ETC range

iShares has unveiled its inaugural range of precious metals ETCs on the London Stock Exchange, offering UK investors exposure to the performance of physical commodities.

The ETF provider has listed the iShares Physical Gold ETC, iShares Physical Silver ETC, iShares Physical Platinum ETC and the iShares Physical Palladium ETC. Demand for precious metals is soaring, amid inflation concerns and enduring turmoil in the Middle East and North Africa. Gold prices hit record highs last Wednesday, reaching $1462.93 an ounce, fuelled by inflation fears and the declining US dollar. Silver prices also hit a 31-year high at $39.77 an ounce, a price level previously seen in 1980 after the oil crisis. iShares, the largest ETF issuer in the world in terms of asset...