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Gold ETFs Recorded Outflows Of 110 Tonnes In 2022

Por: Forbes Business January 09, 2023

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Photo by DAVID GRAY/AFP via Getty ImagesAFP via Getty Images The amount of metal held in gold-backed exchange-traded funds (ETFs) dropped by 110 tonnes in 2022, according to the World Gold Council. Holdings in these financial instruments dropped 3% year on year, the organisation said on Monday. This amounted to $3 billion worth of metal. The WGC said the decline reflected an interesting year for gold ETFs, in which demand surged during the first... + full article



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