Gold ETFs See Holdings Reach All-Time Record Highs In September

CEO, GoldCore • Oct 9, 2019 at 7:18 AM EDT

Global gold ETF holdings reach all-time record highs, increasing by 13.4% so far this year.

Global gold ETFs, ETCs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2 tonnes(t) to 2,808t, the highest levels of all time in September.

Gold ETF holdings have surpassed late 2012 levels, at which time the gold price was near US$1,700/oz, 18% higher than current levels.

There has been a surge in demand in Europe and the gold-backed ETF landscape is vastly different than in 2012 when two-thirds of global holdings were concentrated in North America. Today, European-listed gold ETF funds make up 44% of global holdings (the U.S. at 52% and the remainder coming from funds listed in Asia and other regions.)

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