The World Gold Council said global gold exchange-traded funds recorded $10 billion in inflows in September, lifting total inflows for the third quarter to a record $31 billion. The report also said global gold holdings rose by 67 tonnes to 4,256 tonnes even as gold prices declined. Funds listed in the United States and the United Kingdom led the inflows. The figures point to continued demand for gold-backed investment products during the quarter, based on the data cited in the report referenced by ChainCatcher.
According to ChainCatcher, a report from the World Gold Council said global gold exchange-traded funds attracted $10 billion in inflows in September, pushing third-quarter inflows to a record $31 billion.
The report said global gold holdings still increased by 67 tonnes to 4,256 tonnes despite a decline in gold prices. Funds listed in the United States and the United Kingdom led the inflows.
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