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  • #Gold ETFs have seen net redemptions so far this month, totalling about 43t so far this month wi
  • #Gold ETFs have seen net redemptions so far this month, totalling about 43t so far this month wi

    15 November, 2019 09:21

    #Gold ETFs have seen net redemptions so far this month, totalling about 43t so far this month with European outflows seeing more selling than North American list funds. This contrasts with what we’ve seen over the past few months. https://t.co/LcUzpeQxUM

    Last week we released our comprehensive #gold-backed ETFs data set updated to end-Oct. The overall picture was one of continued strength as total holdings reached new highs. And not just globally, but across several markets too.

    Total holdings in #gold-backed ETFs reached 2,902t during October, a new record high, although finishing the month fractionally below this level. At the end of the month, AUM stood at US$141bn, 12% lower than the previous high in 2012.

    Holdings in UK-listed #gold-backed ETFs hit a record 600t in October. This is a 360t (150%) increase since the start of 2016, and total holdings now account for just over 20% of global holdings. https://t.co/oJW0IZdzPe

    And it’s not just UK-listed ETFs. German-listed funds have also seen healthy inflows of #gold: 257t (255%) since the start of 2016. Holdings also hit a record high of 358t during October. https://t.co/RlrA3UtEAl

    Holdings in European gold-backed ETFs accounted for 45% of global holdings (vs 50% for NA funds). With continued UK political volatility and a slowdown in global growth, the continued uncertainty will likely support demand once the recent #gold price correction runs its course.

    We will continue to update important etf news on #goldhub #blog.