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.
Net inflows of gold into gold-backed ETFs hit the highest level in more than a year last month.
Global gold-backed ETF holdings collectively added 72.2 tons of the yellow metal in April, according to data released by the World Gold Council. Overall, gold-backed ETFs increased their holdings to 2,481 tons worth an estimated $104.6 billion.
Gold-backed ETFs added 27.6 tons last month, growing assets by 5%. Global gold-backed ETFs collectively held 2,396 tons of the yellow metal at the end of January with a value of about $103.6 billion.
Global gold-backed ETFs increased their holdings by 197.5 tons in 2017, an increase of 8.4% in global assets under management, according to the World Gold Council.
Globally, gold-backed ETFs collectively held 2,363 tons of gold at the end of 2017, valued at $98.1 billion.