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  Gold ETFs surpass 1,000 tonnes in September   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.     In a Monthly regional overview, gold was one of several major assets, including stocks and broad-based commodities, that started the quarter strongly, reversed course in September, but closed the quarter higher. This was mirrored by a stronger US dollar that finished the quarter nearly 4% lower. North American funds led global inflows once again, up 34.6t (US$2.2bn, 1.8% AUM). After see...

ETP records 1121.4t in Q1 2019 Since the start of 2016, assets in European gold-backed exchange traded products (ETPs) have grown rapidly, hitting a record high of 1,121.4t (US$48bn) in Q1 2019. Now accounting for 45% of the global gold-backed ETP market, they have transformed gold investment in Europe. This update summarises the growth in AUM since 2016, the factors behind it, and the outlook for European gold-backed ETPs. Stellar growth since 2016:  Since their emergence in 2003, gold-backed ETPs (exchange-traded products) have transformed the European gold investment market. At the end of 2012, when the gold price hit a record high around €1,400/oz, assets under management (AUM) were just shy of 1,000t (~US$50bn). After falling back between 2012-2015, as the gold price came off its highs, inflows into European gold-backed ETPs surged by an annual record of 281t in 2016. The value-eroding negative yield environment, as well as spate of political worries, not ...