Gold-Backed ETF Holdings Climb Again in September on North American Demand

After surging in August, gold continued to flow into ETFs last month, signaling continued strong demand for the yellow metal – specifically in North America.
According to the World Gold Council, gold-backed ETF holdings increased by 22.4 tons in September. This follows on the heels of a 31.4 ton increase in August.
With the price of gold surging in early September, the combined liquidity of gold ETFs rose sharply month-over-month to $1.51 billion per day, an increase of 20% versus the year-to-date average liquidity of $1.26 billion per day.
North American ETFs drove the increase with other regions seeing slight outflows.

This post was published at Schiffgold on OCTOBER 5, 2017.

 

Leave a Reply

Your email address will not be published. Required fields are marked *