https://www.miningweekly.com

Gold-backed ETF holdings decreased by 49.3t in June – WGC

6th July 2018

By: Creamer Media Reporter

     

Font size: - +

Holdings in global gold-backed exchange-traded funds (ETFs) decreased by 49.3 t to 2 434 t in June, the World Gold Council (WGC) reports.

It notes that outflows were dominated by North American funds, losing $1.9-billion as a result of dollar strength and a lower gold price. Funds listed in Asia and other regions lost $149-million and $89-million respectively.

European funds, however, saw marginal inflows in June, with gold holdings having increased by 0.5 t or $52-million.

The WGC further reports that, on a year-to-date basis, European funds have added 52.5 t or $2.5-billion.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION