Gold-backed ETF holdings hit all-time high in 2019
Mining News Pro - Global gold-backed exchange-traded funds (ETFs) and similar products had $19.2 billion or 400 tonnes of net inflows in 2019 after holdings rebounded in December, the World Gold Council (WGC) reports. In the fourth quarter, ETF holdings reached an all-time high of 2,900 tonnes.
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Gold-backed ETF holdings grew 15% in June — reaching 7-year high
Mining News Pro - Global holdings in gold-backed ETFs and similar products grew by 127 tonnes (equivalent to $5.5 billion in inflows) in June, up to 2,548 tonnes –- the largest monthly increase in seven years –- according to data compiled by the World Gold Council, on the back of heightened geopolitical uncertainty causing central banks around the world to go on a gold hunt.
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