GJ Town India

Gold price moves worst monthly m ove & dipped 7.4% in November   Highlights Focus: 1: Gold ETFs have added nearly 50% more  Assets in 2020 (913t) than the 2009 record of 646t 2: SPDR Gold Shares led global outflows Losing US$3.7bn or nearly 5% of its assets 3: Strong outflows across all regions World Gold Council (WGC) published gold-backed ETFs and similar products report for the month of November 2020. In November, gold-backed ETFs and similar products (gold ETFs) recorded their first net outflows in twelve months and second largest monthly outflows ever.   Gold ETF holdings decreased by 107 tonnes (t) during the month – US$6.8bn or 2.9% of assets under management (AUM) – as the gold price had its worst monthly move (-6.3%, US$1,763/oz) since November 2016, when it dipped 7.4%.  Despite lacklustre performance this month, net inflows of 916t (US$50.3bn) in 2020 remain well above the highest yearly amount on record, although below the record set last month (+1,022t). To

Global gold-backed ETFs grew 3% in 2018 Holdings in global gold-backed ETFs and similar products rose by 69 tonnes (t) to 2,440t in 2018, equivalent to US$3.4bn of inflows. Global gold-backed ETFs grew 3% in 2018, driven by strong growth in European funds and increased global inflows during December.** This is the first time since 2012 that the value of total gold-backed ETF holdings has finished the year above US$100bn.   2018 Regional flows shows, holdings in European funds rose by 96.8t (US$4.5bn, 10%) while North American funds saw outflows of 13.4t (US$667mn, 1.3% AUM). Funds listed in Asia lost total assets of 4.7t and had outflows of US$69mn** and other regions lost 9.7t (US$393mn, 29%). At Individual flows front Xtrackers Physical Gold in Germany led global inflows, adding 46t (US$1.9bn) and growing 295% on the year and iShares Gold Trust led North American inflows with 36.7t (US$1.6bn, 16%). SPDR Gold Shares led global outflows, losing 49.8t (US$1.8bn, 5%),