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POSTED ON November 11, 2019  - POSTED IN Key Gold Headlines

Gold continued to flow into ETFs after breaking a record in September. Gold-backed funds took in another 44.4 tons of metal in October, pushing global holdings to another record of 2,900 tons, according to the latest data by the World Gold Council.

The previous record for ETF gold holdings was set back in 2012 when the price of gold was near $1,700 per ounce.

POSTED ON November 6, 2019  - POSTED IN Key Gold Headlines

Gold demand was up 3% in the third quarter, coming in at 1,107. 9 tons, according to the Gold Demand Trends Q3 2019 report put out by the World Gold Council.

Record inflows of gold into ETFs overcame weakness in the jewelry, and gold bar and coin markets to push overall demand higher.

Gold mine output dropped slightly, but a surge in recycling drove a modest gain in supply.

POSTED ON August 8, 2019  - POSTED IN Key Gold Headlines

Gold holdings in gold-backed ETFs globally surged to the highest level in over six years in July.

Gold-backed ETFs added 52 tons of gold last month, with net inflows totaling $2.6 billion, according to the latest data released by the World Gold Council. This follows on the heels of a June increase that totaled 127 tons.

Globally, gold-backed funds now hold 2,600 tons of gold. That’s the highest level since March 2013.

POSTED ON August 5, 2019  - POSTED IN Key Gold Headlines

Gold demand jumped to a three-year high through the first half of 2019, driven by central bank gold-buying, inflows of metal into ETFs and a resurgence of Indian jewelry demand.

Gold demand totaled 2181.7 tons through the first half of the year, according to the World Gold Council Gold Demand Trends Q2 2019 report. It was the strongest gold demand through the first half of a year since 2016.

POSTED ON July 10, 2019  - POSTED IN Key Gold Headlines

Holdings in global gold-backed ETFs surged in June, charting their largest increase in seven years driven by increased geopolitical uncertainty, fear of an economic slowdown and widespread anticipation of looser central bank monetary policy.

Globally, gold holdings in ETFs rose sharply by 127 tons last month, according to the latest data from the World Gold Council.

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