After two consecutive months of outflows, gold-backed ETFs became net buyers of gold again last month. Gold-backed funds added 13.8 tons of gold to their holdings globally, driven by inflows in Europe-based funds, according to the latest data from the World Gold Council.
Gold-backed ETFs recorded record net gold inflows, pushing holdings globally to record levels in 2020.
On net, ETFs globally added 877 tons of gold last year worth about $47.9 billion. Gold holdings rose by over one-third, ending the year at a record 3,752 tons, according to data released by the World Gold Council.
Global ETF gold holdings rose for the 11th straight month in October, setting yet another new record at 3,899 tons valued at $235 billion.
Globally, ETFs added gold for the 10th straight month in September and pushed total inflows to over 1,000 tons on the year.
The previous yearly inflow record was 646 tons set back in 2009.
Gold ETF holdings increased by 68.1 tons last month, despite the metal’s worst monthly price performance since November 2016, according to data released by the World Gold Council.
Globally, gold-holding in ETFs increased for the ninth straight month in August with the appetite for gold notably increasing in Asian markets.
ETFs added a net 39 tons of gold last month, according to the latest data from the World Gold Council.
ETFs globally added another 166 tons of gold in July. It was the eighth straight month of inflows of metal into gold-backed funds. That pushed total ETF gold holdings to another record high of 3,785 tons, according to the latest data from the World Gold Council.
With gold hitting an all-time record high at the end of the month, global assets under management stood at $239 billion at the close of July.
Gold-backed ETFs closed out the first half of 2020 with their seventh consecutive month of inflows and significantly above the highest level of annual inflows, both in tonnage and US dollar terms.
Globally, gold-backed funds added 104 tons of gold to their holdings in June. Global holdings now stand at an all-time high of 3,621 tons, according to the latest data from the World Gold Council.
Holdings in gold-backed ETFs charted another all-time high in May as inflows in dollar-terms have already set a yearly record just five months into 2020.
With the economic chaos created by coronavirus economic shutdowns and the Federal Reserve creating trillions of dollars out of thin air, there is suddenly a lot of interest in buying gold, both as a safe haven and an inflation hedge.
But what is the best way to invest in the yellow metal? Should you buy physical gold? Gold ETFs? Gold stocks? What’s the difference? Are there advantages or disadvantages to each of these options?
Gold continued to flow into gold-backed ETFs, setting another all-time record in April.
Globally, funds added another 170 tons of gold last month amounting to $3.9 billion, according to the latest data from the World Golf Council. It was the sixth straight month of net inflows.