Record Inflows in Gold ETFs: North America at the Top

Investments in Gold ETFs Continue to Increase

According to the latest report from the World Gold Council, the process that has increased interest in gold-based global exchange-traded funds (ETFs) continues for the fifth consecutive month. The total 8.2 billion dollars in inflows recorded in October exceeded the average inflow level of 7.1 billion dollars 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 dollars at the end of October, marking a 6% increase. The funds' physical gold stock also saw a 1% increase, rising to 3,893 tons. Additionally, the average daily trading volume in the gold market increased to 561 billion dollars, drawing attention.

Regional Distribution and North America's Dominance

Regionally, the largest inflows came from North America. The 6.5 billion dollars in inflows recorded from this region in October is an important indicator for North America's continued leadership. Although the gold price experienced a 5% drop the day after hitting its 50th record on October 20, inflows of 334 million dollars (2.3 tons) into major ETFs in the U.S. continued on October 21. However, towards the end of the month, a total outflow of 1.1 billion dollars was observed due to the impact of price declines.

Asia's Shining Star: China

As of October, inflows into Asian funds reached 6.1 billion dollars, with China standing out as the most notable country in the region with an inflow of 4.5 billion dollars. The ETFs of Japan and India have also continued to record positive inflows for 13 and 5 months respectively.

Withdrawal in Europe

In Europe, 4.5 billion dollars in outflows were recorded, ending a five-month positive inflow trend. Especially in countries like the UK and Germany, historical levels of outflows were observed, while Swiss funds provided positive contributions to the region. The main reasons behind these outflows include profit-taking and portfolio adjustments.