Demand and supply

Data on gold demand and supply, including production costs, gold-backed exchange-traded funds (ETFs) holdings and flows, central bank statistics and future market positioning.

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Gold-backed ETF holdings grew 14% in 2019, reaching all-time highs

Global gold-backed ETFs and similar products had US$19.2bn, or 400 tonnes(t), of net inflows in 2019 in almost all countries, after holdings rebounded in December. Collective ETF holdings reached all-time highs of ~2,900t in the fourth quarter. Overall, global gold-backed assets under management (AUM) grew 37% in US dollars during the year as a result of positive demand combined with an 18.4% increase in the gold price. 

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COMEX net long positioning

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.