Gold ETF Posted Net Inflows in Early-2021

SEATTLE (Scrap Monster): The latest market report published by the World Gold Council (WGC) indicates that global gold ETFs reported inflows in the month of January this year. This follows two consecutive months of outflows. The inflows of 13.8 tonnes during the month suggest that the market outlook continues to remain supportive of gold investment. The global assets under management (AUM) as on end-January stood at 3,765 tonnes valued at approximately $226 billion. The gold ETF inflows had hit fresh record in 2020.

According to WGC, European region witnessed inflows, whereas North America reported outflows. The gold ETF holdings by the Asian region remained more or less flat in January 2021.

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The gold holdings in European funds rose by 17.5 tonnes. The inflows were led by UK-listed funds, which added 9.4 tonnes, followed by German and French funds. The holdings in North American funds witnessed marginal decline, falling fractionally by 6.3 tonnes. The regional funds accounted for 53% of the global AUM. Meantime, the holdings in Asian funds were essentially unchanged with AUM recording a jump by $19.2 million.

The WGC report notes that the trading volumes averaged at $186 billion per day, slightly higher when compared with the average of $183 billion in 2020.