Investors’ attention away from gold!

Dec 22, 2023

1 Glod ETFsAccording to the latest, Gold ETF commentary, reported by the World Gold Council for the Year-to-date (y-t-d) where growing factor is India that pushes gold ETFs to the positive result in the global dais. November pushed y-t-d outflows from global gold ETFs towards US$14bn, with European funds contributing the most.

North America also saw heavy losses, while Asia remains the only region experiencing inflows. In North America, surging Treasury yields between June and October drove outflows of US$9bn during that period, which outweighed inflows of US$4bn during the rest of the year.

And during the past 11 months, European funds’ outflows piled up to US$9bn, the worst of all regions, also driven by rising interest rates in Europe, which diverted investors’ attention away from gold. Germany and the UK led the region’s y-t-d outflows.

Asia remains the only region experiencing y-t-d inflows (+US$1bn), thanks to China, Japan and India. Accumulated outflows from the other region reached -US$103mn y-t-d: inflows into Turkey were outweighed by outflows elsewhere.

Long-term trends are,

1: So far in 2023, collective holdings of global gold ETFs lost 235t to 3,236t, 17% lower than the all-time month-end high recorded in October 2020 (3,916t).

2: By the end of November, European funds have lost US$9bn so far in 2023, the region’s second worst y-t-d performance in history.

3: In November, low-cost gold ETFs registered their sixth consecutive monthly outflow, collectively shedding US$1bn (15t).

4: Y-t-d outflows across global low-cost funds piled up to US$5bn (90t). During the period, low-cost funds in North America saw inflows of US$175mn (2t), while Europe accumulated net outflows of US$6bn (91t). Let’s watch domestic gold ETFs for India further.

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
98,138
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

The man. The myth. The legend. Immortalized in platinum—rare, resilient & timeless.
The MS Dhoni Signature Edition by Men of Platinum is a tribute to his legacy.
Explore: http://www.menofplatinum.com
#MSDhoni #MenofPlatinum #PlatinumJewellery #MSDhoniSignatureEdition

Save the Date! ✨ JGTD – Jewellery, Gem & Technology in Dubai
📅 Nov 11–13, 2025 | 📍Dubai Exhibition Centre
Discover world-class jewellery, gems & tech innovations.
👉 https://www.jgtdubaijewelleryshow.com/en?utm_source=link&utm_medium=social&utm_campaign=HZ_jgtd25

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of