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.
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.
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.
Gold demand was up 7% year-on-year in the first quarter, according to the World Gold Council Gold Demand Trends Q1 2019 report.
Total global demand came in at 1,053.3 tons, driven primarily by central bank buying, inflows of metal into ETFs and strong demand for gold jewelry.
The amount of gold held by Europe-based ETFs hit a record high in the first quarter of 2019, according to a report by the World Gold Council.
European funds now hold 1,121.4 tons of gold.
The WGC pinpoints three primary drivers of European gold investment.
Total gold holdings in ETFs grew marginally in March, resuming an upward trend that started last fall. Total holdings of the yellow metal globally rose 3 tons, with increases seen in every region, according to the most recent data released by the World Gold Council.
ETFs worldwide currently hold 2,483 tons of gold valued at approximately $103 billion.
Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January.
Globally, ETFs added 72 tons of the yellow metal to their holdings last month, according to the latest data released by the World Gold Council. This brought the total amount of gold held by funds worldwide to 2,513 tons valued at about $107 billion.
Total holdings in global gold-backed ETFs finished above $100 billion in 2018, according to the latest data by the World Gold Council. It’s the first time ETF total gold holdings have eclipsed the $100 billion mark since 2012.
Globally, ETFs added 69 tons of gold in 2018, bringing total holdings to 2,440 tons valued at $100.6 billion.
Gold holdings in gold-backed ETFs rose globally by 16.5 tons in October. It was the first monthly net inflow of the yellow metal into ETFs in four months.
According to a report by the World Gold Council, positive gold price performance for the month (+2.3% in USD) was a key driver of inflows in North American and European funds. Global assets under management rose by 3.1% in US dollars relative to September.
After hitting the highest level in more than a year last month, gold continued to flow into ETFs in May. But regional trends have reversed with European and Asian funds adding gold, as the yellow metal flows out of North American funds.
Global gold-backed ETF holdings added 15 tons of the yellow metal in May, boosting total holdings to 2,484 tons, according to the latest data released by the World Gold Council.
