02nd Global Gold Dore Forum on 14-15 Jan 2018 at Hilton Dubai Jumeirah, Dubai, UAE. Concluded Successfully...
 You are here : Home > ETF & Others
 
 
ETF Gold Holdings Rise By 27

ETF Gold Holdings Rise By 27.6 Tonnes In January - WGC

February 08, 2018

 

Gold held by global exchange-traded funds increased by 27.6 tonnes during the first month of the year, a gain of 5%, according to the World Gold Council (WGC).January’s rise was largely driven by North American ETFs, which added 21.5 tonnes ($940 million), representing 73% of all global inflows, the WGC said in its monthly report on Thursday. In comparison, European funds added only 7.6 tonnes of gold ($35 million).This trend is a reversal from the previous year, when the European funds dominated net inflows, the report added.This trend is a reversal from the previous year, when the European funds dominated net inflows, the report added.

 

http://www.kitco.com/news/2018-02-08/images/WGC.gif

 

ETF gold holdings also benefited from a price rally in January amid a weaker U.S. dollar, the WGC said.The top three individual fund inflows in January were: iShares Gold Trust with 17.8 tonnes ($767 million); SPDR® Gold Shares with additional 3.8 tonnes ($179 million), and db Physical Gold Euro Hedged ETC with 2.3 tonnes ($45 million).

 

http://www.kitco.com/news/2018-02-08/images/ETF.gif

 

Gold ETFs usually trade similar to stocks, but track the price of the commodity. Also, the metal is placed into storage to back the shares.This latest report comes after WGC released its 2017 annual ETF flow totals in the beginning of January, revealing that ETF gold holdings increased by 197.5 tonnes in 2017, which represented an annual gain of 8.4%

 

Source: http://www.kitco.com