The World Gold Council said global gold exchange-traded funds took in $10 billion in September, lifting total inflows for the third quarter to a record $31 billion. Funds listed in Europe and North America led the move. The report said global gold holdings still rose by 67 tonnes to a record 4,256 tonnes even as gold prices fell. At the same time, total assets under management slipped 7% from the previous month to $574 billion. By country and region, the United States accounted for the largest share of the record quarterly inflows, while funds listed in the United Kingdom also posted strong contributions. The U.K. logged its strongest quarter on record, helping Europe reach the same milestone at the regional level.
According to a report from the World Gold Council, global gold exchange-traded funds recorded $10 billion in inflows in September, pushing total third-quarter inflows to a record $31 billion. Funds listed in Europe and North America were the main drivers.
The report said global gold holdings increased by 67 tonnes to a record 4,256 tonnes despite a decline in gold prices. Total assets under management, however, fell 7% month over month to $574 billion.
At the country and regional level, the record inflows in the third quarter were led by the United States, followed by strong contributions from U.K.-listed funds. The United Kingdom posted its strongest quarter on record, which also helped Europe reach the same milestone at the regional level.
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