SEATTLE (Scrap Monster): The report published by the World Gold Council (WGC) noted that gold ETF inflows into North American and European funds outweighed outflows from Asian funds.
The North American funds recorded an inflow of 49.0 tonnes. The SPDR Gold Shares and iShares Gold Trust in the U.S. and Xtrackers Physical Gold in Germany drove global inflows during the month of January this year. However, these were partially offset by outflows from Invesco Physical Gold in the UK and Bosera Gold Exchange in China.
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The SPDR Gold Shares added 42.1 tonnes, while iShares Gold Trust witnessed inflows of 5.3 tonnes. The fund holdings in European region had inflows of 6.7 tonnes. Xtrackers Physical Gold had inflows of 4.3 tonnes, while Invesco Physical Gold witnessed loss of 4.6 tonnes from holdings.
The funds listed in Asia reported net outflows of 5.0 tonnes. The Chinese ETFs Bosera Gold Exchange had outflows of 2.9 tonnes, while E Fund Gold lost 2.8 tonnes during the month. Also, Huaan Yifu Gold reported outflows of 2.8 tonnes. Meantime, the inflows from Other regions totalled 0.5 tonnes.
During the whole year 2021, gold ETFs witnessed global outflows of 173 tonnes, driven by losses in mainline North American funds.
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