Webinar: Q3 Gold Demand Trends and 2020 Outlook
Gold ETF inflows continued, but at a significantly lower pace
Gold-backed ETFs and similar products (gold ETFs) recorded their 11th consecutive month of net inflows during October, matching the record number of positive monthly flows set in April 2006.
Highlights from Gold Demand Trends Q3 2020 on Bloomberg TV
Gold Demand Trends Q3 2020
Strong growth in global investment demand for gold in Q3 partly offset weakness elsewhere as COVID-19 remained in the driving seat.
China’s gold market in September: wholesale physical gold demand rose ahead of Golden Week
Podcast: Analysing the Gold Demand Trends report on Dig Deep
Gold ETF investment demand continued in Q3
Today, we released the September and Q3 2020 gold ETF flows report as gold ETFs surpass 1,000 tonnes of new demand in 2020.
Gold ETFs surpass 1,000 tonnes of new demand in 2020
Gold-backed ETFs and similar products (gold ETFs) recorded their tenth consecutive month of net inflows during September, matching equivalent stretches in 2008 and 2016. Gold ETF holdings increased by 68.1 tonnes (t) (US$4.6bn) or 2.0% of assets under management (AUM) despite gold’s worst monthly price performance since November 2016. Global net inflows of 1,003t (US$55.7bn) in 2020 have led overall gold investment demand and taken the gold ETF holdings universe to a fresh new all-time high of 3,880t and US$235bn in AUM.
