Commodities Buzz: Global gold ETFs record inflows for five months in row

World Gold Council or WGC stated in a latest update that global gold ETFs saw inflows five months in a row, attracting US$8.2 billion (bn) during October and pushing their total AUM 6% higher to another month-end peak of US$503bn; meanwhile holdings climbed 1% m/m to 3,893t. North America (+US$6.5bn) and Asia (+US$6.1bn) led global inflows in October while Europe (-US$4.5bn) was the only region with outflows. WGC noted that Gold market trading volumes kept rocketing, reaching an all-time high of US$561bn per day in October, 45% higher m/m.

Powered by Commodity Insights