Record Inflows in Gold ETFs: North America at the Top

Investments in Gold ETFs Continue to Surge

According to the latest report from the World Gold Council, the process of increasing interest in gold-based global exchange-traded funds (ETFs) has continued for the fifth consecutive month. The total $8.2 billion in inflows recorded in October was significantly above the average inflow level of $7.1 billion seen since the beginning of the year. This situation indicates that investors' confidence in gold assets is on the rise.

Increase in Assets and Trading Volume

The total assets under management (AUM) of global gold ETFs reached $503 billion by the end of October, up 6%. The physical gold stock of the funds also increased by 1% to 3,893 tons. In addition, the average daily trading volume in the gold market surged to $561 billion, drawing attention.

Regional Distribution and North America's Dominance

Regionally, it is observed that the largest inflow came from North America. The $6.5 billion in inflows recorded in October serves as an important indicator for North America's continued leadership. Although the gold price broke its 50th record of the year on October 20 and experienced a 5% drop the following day, the major ETFs in the U.S. continued to receive $334 million (2.3 tons) in inflows on October 21. However, towards the end of the month, due to the impact of price declines, a total of $1.1 billion in outflows was experienced.

Asia's Bright Star: China

Inflows to Asian funds reached $6.1 billion as of October. Particularly, China stood out as the most noteworthy country in the region with an inflow of $4.5 billion. The ETFs of Japan and India have continued to record positive inflows for 13 and 5 months consecutively, respectively.

Withdrawal in Europe

On the European side, a total of $4.5 billion in outflows was recorded, ending a five-month streak of positive inflows. Notably, historic outflows were seen in countries such as the UK and Germany, while Switzerland funds provided a positive contribution to the region. The main reasons behind the outflows include profit-taking and portfolio adjustments.