The latest data from the World Gold Council reveals that global physical gold ETFs attracted $5.2 billion in inflows in November, extending the streak of net inflows to six consecutive months. By the end of November, total assets under management (AUM) rose 5.4% month-over-month to $530 billion, while holdings increased 1% to 3,932 tons—both reaching record highs for the month. The strong performance positions 2023 to potentially achieve the best annual inflow on record for global gold ETFs.
Regionally, Asian funds led the growth, with North America and Europe also posting steady gains. Asia saw inflows of approximately $3.2 billion in November, with China dominating at $2.2 billion. Recent adjustments to China’s value-added tax policies for gold markets may have further spurred fund inflows.
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