Global gold flows stable in Oct, gold ETFs add 3.3 t

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REUTERS on MINING WEEKLY | 14 November 2017

“Gold-backed exchange traded funds (ETFs) have added 3.3 t of gold to their global holdings during October, as outflows from North America mostly offset inflows in Europe, the latest data from the World Gold Council (WGC) shows.

Global ETF gold holdings now total 2 347.6 t.

According to the WGC, Europe led inflows in October, as investors added 11.2 t of gold through funds listed in the region. There were outflows in North America of 8 t, reversing some of its September gains. Asia funds gained 800 kg, and ETFs in other regions lost 700 kg.”

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