Demand and Supply

Global gold ETFs continued to see positive demand in April: net inflows totalled US$824mn while holdings increased 15t. North American funds led global inflows, adding nearly US$1bn. Fund flows in Europe turned negative again in the month (-US$223mn), led by Germany.

A time series of official holdings of gold including an attribution of sales under the Central Bank Gold Agreement (CBGA).

A comprehensive time series of gold demand – broken down by sector and country – and gold supply – broken down by mine production, recycling and producer hedging.

A breakdown of the above-ground stock of gold, including a time series of how it has evolved since 2010, and the latest year-end estimate of below-ground stocks.

A time series of global gold mine production by country.

A time series of the global all-in sustaining cost (AISC) of gold production and cost curve for the most recent quarter.

Current futures open interest on the nine major global gold futures exchanges.

Comparison of money manager net longs to other investor net longs in COMEX gold futures. These metrics are often used to understand the market sentiment and positioning of the gold market.

Physically-backed gold exchange-traded funds (gold ETFs) are an important source of gold demand, with institutional and individual investors using them as part of well-diversified investment strategies.