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2022 likely increase the need for a high-quality liquid asset such as gold Physically backed gold ETFs saw global outflows of 173 tonnes (t) (-US$9.1bn, -4.0% AUM) in 2021. Collective gold holdings were down 5% to 3,570t for the year, while assets under management (AUM) in value terms dropped 9% to US$209bn as net outflows were compounded by a 4% contraction in the gold price.  Despite considerable outflows for the year, gold ETF holdings remain significantly above pre-pandemic levels, as they posted record inflows of approximately 875t (US$49bn) during 2020. Losses in 2021 were driven by North American funds, which never recovered from their significant outflows in Q1, ultimately registering outflows of nearly US$11bn (-200t) by year-end.  The bulk of these outflows were from large US funds whose assets fluctuated in tandem with the gold price. Conversely, European ETFs turned positive in the second half of 2021 amid rising inflation expectations, ending the year with marginal gains o

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