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Global gold-backed ETF holdings up in January: WGC

February 14, 2021

 

Net inflows to global gold-backed exchange-traded funds (ETFs) amounted to 13.8 tonnes in January, data from the World Gold Council (WGC) showed.The figure brought total global holdings of gold ETFs to 3,765 tonnes (equivalent to around 226 billion U.S. dollars) by the end of last month, according to the WGC.

 

Holdings of gold ETFs listed in Europe saw an increase of 17.5 tonnes in January, while those listed in North America decreased by 6.3 tonnes.Since their debut in 2003, gold ETFs and similar products have accounted for a significant part of the gold market, with growing acceptance among both institutional and individual investors.Demand for gold investment through gold ETFs remains strong, according to analysts.

 

Source: http://www.china.org.cn/china/Off_the_Wi