In September, a historic inflow of 26 billion dollars into gold ETFs.

Strong Interest in Gold ETFs Worldwide

The World Gold Council has released recent data showing that in September, as gold prices fluctuated, there were record inflows of up to 26 billion dollars into physical gold-backed exchange-traded funds (ETFs). This represents the strongest quarterly increase of the year and indicates a rise in investor demand for gold.

The Impact of North American Investors

In the third quarter, North American investors dominated gold ETFs with a net inflow of 16.1 billion dollars. This figure supports the highest third-quarter performance on record and is noted as the second strongest quarterly result of all time. North America's leadership highlights the increasing shift towards safe-haven assets like gold due to economic concerns in the region.

Strong Purchases in Europe

European funds also made a significant contribution, achieving an inflow of 8.2 billion dollars, marking the region's second-best quarterly performance on record. This result is only 74 million dollars shy of the record set in the first quarter of 2020, suggesting that investor demand for gold is on the rise.

Conditions in Asia and Other Regions

Investments in Asian funds showed a decline of 1.7 billion dollars, while funds focused on other regions exhibited limited movement of around 28.2 million dollars. This data suggests that economic uncertainties in the Asian region are reducing interest in gold ETFs.

Record Managed Assets and Gold Quantity

By the end of the third quarter, the total managed assets of global gold ETFs reached a new record of 472 billion dollars. Additionally, total gold holdings increased by 6 percent on a quarterly basis to 3,838 tons, just 2 percent below the peak level of 3,929 tons recorded in November 2020.