Global Gold ETF Outflows Persisted, But Slowed Down in April

SEATTLE (Scrap Monster): The World Gold Council (WGC) noted that gold ETF outflows continued in the month of April this year. The global gold ETFs lost 18.3 tonnes during the month. However, the global outflows slowed significantly, for the first time since the beginning of the current year. The global assets under management (AUM), at 3,567 tonnes, were valued at nearly $203 billion.

The outflows were mainly led by North American funds, especially those in the U.S. The region reported outflows of 28.4 tonnes. On the contrary, European funds reported inflows of 10.6 tonnes, with notable contributions from France, Switzerland, and the UK. The funds listed in Asia saw net outflows of 0.5 tonnes. China lost 2 tonnes, whereas funds in India added 1.3 tonnes during the month. The other regions too reported minor inflows, WGC report said.

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Individually, the North American SPDR God Shares lost 20.4 tonnes, followed by iShares Gold Trust, which saw its holdings reduce by 8.2 tonnes. Meantime, SPDR Gold MiniShares and Graniteshares Gold Trust saw additions by 1.3 tonnes and 0.5 tonnes respectively. The Amundi Physical Gold and iShares Physical Gold in Europe added 3.7 tonnes and 1.9 tonnes respectively, while WisdomTree Physical Gold lost 3.4 tonnes.