- Following another reduction in October, losses in global gold ETF holdings amounted to 225t during the first ten months of the year, the second largest in history – 2013’s 791t accumulative decline was the worst
- By the end of the month, collective holdings of global gold ETFs stood at their lowest since March 2020 and 17% away from the historical high of 3,916t recorded in October 2020
- In October, weakness in low-cost gold ETFs extended for the fifth consecutive month, collectively shedding US$1bn (17t), led by European funds (-US$818mn, -14t).8
- Y-t-d outflows across global low-cost funds piled to US$5bn (80t). During the period, low-cost funds in North America saw inflows of US$114mn (1t), while Europe accumulated net outflows of US$5bn (81t).