November Gold ETFs
First global outflow since April 2024
The World Gold Council (WGC) is an international trade association dedicated to the gold industry, headquartered in London, with additional offices in India, China, Singapore, the UAE, and the United States.
The World Gold Council (WGC) publishes a variety of reports and research materials focusing on gold market trends, demand, and supply dynamics.
An Exchange-Traded Fund (ETF) is a type of investment fund that is traded on stock exchanges, much like individual stocks. ETFs hold a collection of assets, which can include stocks, bonds, commodities, or other securities.
According to WGC there was an outflow in gold ETFs. Since it is the first outflow since April, it is worth mentioning. North America is the only region with an inflow. North American funds generated five consecutive months of inflow adding $79.1 million.
Asian funds showed an outflow of $145 million.
European funds lost $ 1.9 billion.
How …