North America dominates inflows
Global physically backed gold ETFs saw their fifth consecutive monthly inflow in September, attracting US$1.4bn. Inflows were concentrated in North America during the month while Europe was the only region that experienced outflows, albeit only mildly. Continuous inflows in recent months trimmed y-t-d outflows of global gold ETFs’ to flip positive to $389mn. It is worth noting that Europe is the only remaining region with y-t-d outflows.
